Velo3D (VLD) has provided an announcement.
Velo3D, Inc. has been notified by the NYSE of non-compliance with listing standards due to its market capitalization and stockholders’ equity falling below required thresholds. The company plans to submit a strategy to regain compliance within an 18-month “Cure Period.” During this time, its stock will continue trading on the NYSE, albeit with a “.BC” designation indicating below-criteria status. If the company fails to meet the compliance plan or other listing requirements, it risks being delisted.
For a thorough assessment of VLD stock, go to TipRanks’ Stock Analysis page.
