Velo3D shares are trading lower after the company announced pricing of a $12 million public offering.
Portfolio Pulse from Benzinga Newsdesk
Velo3D's stock price has decreased following the announcement of a $12 million public offering.
April 10, 2024 | 1:08 pm
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Velo3D's announcement of a $12 million public offering has led to a decrease in its stock price.
Public offerings often lead to a dilution of existing shares, which can result in a decrease in stock price. Given that Velo3D has announced a significant public offering of $12 million, it's likely that investors are reacting to the potential dilution of their shares, leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100