The ATM program gives Velo3D flexible access to capital, but actual sales will depend on market conditions and management discretion. Monitor periodic 10-Q/10-K filings for actual share sales and dilution. The stock price ($19.84 as of May 14) is well above the recent $14.00 registered direct offering price, suggesting potential for near-term ATM sales.
Price Chart
Executive Summary
Velo3D entered into a new at-the-market (ATM) sales agreement with Needham, Cantor Fitzgerald, and Craig-Hallum to sell up to $100 million of common stock, replacing a prior agreement with Needham. The filing is paired with a 424B5 prospectus supplement filed the same day, formalizing the ATM program. This provides Velo3D with flexible access to capital for working capital and general corporate purposes, but creates potential dilution for existing common shareholders.
Key Financial Metrics
Key Facts
- Velo3D entered into a new ATM sales agreement on May 15, 2026, with Needham, Cantor Fitzgerald, and Craig-Hallum to sell up to $100 million of common stock.
- The prior ATM agreement with Needham (dated Feb 6, 2023) was terminated with no penalties.
- The company will pay a 3.0% commission on gross proceeds from ATM sales.
- Proceeds are intended for working capital and general corporate purposes.
- The ATM program is an 'at-the-market offering' under Rule 415, with no minimum sales requirement.
- The filing follows a $50M registered direct offering closed on April 27, 2026, and a recent S-3 resale registration for the CEO's affiliate.
Financial Impact
Up to $100 million in potential gross proceeds from ATM sales, with 3.0% agent commission.
Risk Factors
- Potential dilution for existing common shareholders if shares are sold under the ATM.
- No minimum offering amount — actual proceeds may be far less than $100M.
- ATM sales at various prices create uncertainty for investors regarding per-share dilution.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (VLDXW) — Batch item 1 | 0001493152-26-023956 |
| Exhibit: ex5-1.htm | 0001493152-26-023954 |
| Document: form8-k.htm | 0001493152-26-023956 |
| Document: 0001493152-26-023956-index-headers.html | 0001493152-26-023956 |
| Document: 0001493152-26-023956-index.html | 0001493152-26-023956 |
| Document: 0001493152-26-023956.txt | 0001493152-26-023956 |
| 424B5 Filing (VLDXW) — Batch item 7 | 0001493152-26-023954 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 15, 2026 23w ago | 8-K / 424B5 | — | awaiting T+60 | — | — |
May 14, 2026 23w ago | S-3 | — | awaiting T+60 | — | — |
May 12, 2026 23w ago | 8-K | — | awaiting T+60 | — | — |
Apr 27, 2026 26w ago | 424B5 | $0.3000 $0.0150 | ▲ +95.00% | ▲ +98.99% | — |
Apr 27, 2026 26w ago | DEFA14A | $0.3000 $0.0160 | ▼ −94.67% | ▼ −99.44% | — |
Apr 9, 2026 28w ago | EFFECT | $0.3000 $0.0165 | ▼ −94.50% | ▼ −105.28% | — |
Apr 3, 2026 29w ago | S-3 | $0.3000 | awaiting T+60 | — | — |
US Market Status
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