Fenwick & West advised Velo3D on the deal.
Velo3D Inc., a leading additive manufacturing technology company for high-value metal parts, announced its public listing on the New York Stock Exchange (NYSE) after completing a previously announced business combination agreement with JAWS Spitfire Acquisition Corporation, a special purpose acquisition company (SPAC).
Shares of the company’s common stock began trading today on the NYSE under the ticker symbol “VLD” and its warrants under the symbol “VLD WS.” As a result of this transaction, the combined company received approximately $274 million in total net proceeds, including $155 million in a private placement of common stock at a $10 per share value.
The proceeds are expected to accelerate the adoption of Velo3D’s end-to-end additive manufacturing solutions. This growth includes the company’s planned expansion into Europe, which will be a key market in 2022.
The Fenwick transaction team included corporate partners David Michaels (Picture), Per Chilstrom, Julia Forbess and Steven Levine, and associates Victoria Lupu, Tyler Gratton, Stephanie Hong, Terence Desouza and John Clancy; executive compensation and employee benefits partner Nancy Chen; technology transactions partner Jonathan Millard and associate Ana Razmazma; securities litigation partner Jay Pomerantz; antitrust and trade regulation partner Mark Ostrau; and tax partner Will Skinner and associate Michael Knobler.
Involved fees earner: Nancy Chen – Fenwick & West LLP; Per Chilstrom – Fenwick & West LLP; John Clancy – Fenwick & West LLP; Terence Desouza – Fenwick & West LLP; Julia Forbess – Fenwick & West LLP; Tyler Gratton – Fenwick & West LLP; Michael Knobler – Fenwick & West LLP; Steven Levine – Fenwick & West LLP; Victoria Lupu – Fenwick & West LLP; David Michaels – Fenwick & West LLP; Jonathan Millard – Fenwick & West LLP; Mark Ostrau – Fenwick & West LLP; Jay Pomerantz – Fenwick & West LLP; Ana Razmazma – Fenwick & West LLP; William Skinner – Fenwick & West LLP;
Law Firms: Fenwick & West LLP;
Clients: Velo3D Inc.;