VELO3D, a Leader in the Rapidly Growing, High Value Metal Additive Manufacturing Market, to Become Public Company
Summary
Upon completion of the transaction, which is expected to occur in the second half of 2021, the combined company will operate as VELO3D, and will be listed on the New York Stock Exchange (NYSE) under the new ticker symbol “VLD.” VELO3D is a leader in the evolution from the analog supply chain to digital manufacturing. VELO3D is well-positioned for robust growth in an established and expanding market.” VELO3D’s financial model is asset light, backed by significant technology investments and positioned to rapidly scale to meet customer demand. Upon completion of the transaction, VELO3D is set to benefit from a flexible capital structure with approximately $470 million of cash on the Company’s balance sheet, net of debt and assuming no redemptions are effected. A more detailed description of the transaction terms and a copy of the Business Combination Agreement and investor presentation will be included in a current report on Form 8-K to be filed by JAWS Spitfire with the United States Securities and Exchange Commission (the “SEC”). Once available, shareholders will also be able to obtain a copy of the S-4, including the proxy statement/prospectus, and other documents filed with the SEC without charge, by directing a request to: JAWS Spitfire, 1601 Washington Avenue, Miami Beach, Florida 33139.