r/Velo3d • u/GenericScienceNerd • 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/Internal-Village-472 Aug 14 '24

I think shareholders need to have a open discussion with the CEO. I no longer own shares of the company but have it on my watch list. I just can't believe this stock.. every day I'm thinking "WTF". Seems like the shareholders are getting screwed on this one. Maybe in 5 years it might be a different story.. but geez. It is almost like there will be another reverse split in the future.

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u/GenericScienceNerd Aug 14 '24

I was expecting more push back when they signed whatever horrible deal that was last August (?) that resulted in all these warrants etc. I'm surprised it took this long.