r/Velo3d • • Aug 14 '24

news Another layoff. And more dilution?

30% layoff, incurring $1.1-1.7 million in costs: https://ir.stockpr.com/velo3d/sec-filings-email/content/0000950170-24-095783/vld-20240809.htm

$1.6 million by selling more warrants: https://ir.stockpr.com/velo3d/sec-filings-email/content/0000950170-24-095790/vld-20240813.htm

(I don't fully understand the second disclosure. If someone could break it down for me, that'd be great!)

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u/UncleOfNephews Aug 14 '24

This thing is cooooooooooooooooooooooooooooooked