Velo3D Stockholders Decide on Directors, Splits, and Shares

An announcement from Velo3D (VLD) is now available.

At a recent Annual Meeting, stockholders of a company made several key decisions, including electing three Class III directors for a three-year term, ratifying PricewaterhouseCoopers LLP as their independent accounting firm for the upcoming fiscal year, and approving a reverse stock split of Common Stock at a discretionary ratio set by the Board. Additionally, they confirmed issuing shares in compliance with NYSE standards linked to the company’s secured notes. Post-meeting, adjustments to the terms of various outstanding warrants were communicated to holders in light of the reverse stock split, affecting exercise prices and the number of shares available upon exercise.

For an in-depth examination of VLD stock, go to TipRanks’ Stock Analysis page.