Velo3D Receives NYSE Delisting Warning for Low Stock Price

TL;DR

**Velo3D got a NYSE delisting warning for its stock price being too low, watch for recovery or further drops.**

AI Summary

Velo3D, Inc. (VLD) announced on January 4, 2024, that it received a notice from the New York Stock Exchange (NYSE) on December 28, 2023, regarding its failure to meet the minimum average closing price of $1.00 per share over a 30-trading-day period. This puts Velo3D at risk of delisting from the NYSE if it cannot regain compliance within six months. This matters to investors because delisting could significantly reduce the stock's liquidity and make it harder to trade, potentially driving down its value.

Why It Matters

This notice signals that Velo3D's stock price has been consistently low, indicating potential investor concern or operational challenges, and could lead to the stock being removed from a major exchange.

Risk Assessment

Risk Level: high — The company faces a significant risk of delisting, which can severely impact stock liquidity and investor confidence.

Analyst Insight

A smart investor would closely monitor Velo3D's stock performance and any strategic announcements regarding its plan to regain NYSE compliance, as failure to do so could lead to delisting and further price depreciation.

Key Numbers

• $1.00 — Minimum average closing price (The threshold Velo3D failed to meet for 30 consecutive trading days.)
• 30 — Number of trading days (The period over which the average closing price was evaluated by NYSE.)
• 6 months — Compliance period (The time Velo3D has to regain compliance with NYSE listing standards.)

Key Players & Entities

• Velo3D, Inc. (company) — the registrant receiving the delisting notice
• New York Stock Exchange (company) — the exchange that issued the delisting notice
• $1.00 (dollar_amount) — the minimum average closing price required by NYSE
• December 28, 2023 (date) — the date Velo3D received the notice from NYSE
• January 4, 2024 (date) — the date of the 8-K filing

Forward-Looking Statements

• Velo3D's stock price will remain volatile as it attempts to regain NYSE compliance. (Velo3D, Inc.) — medium confidence, target: June 2024
• Velo3D may pursue a reverse stock split to meet the NYSE's minimum price requirement. (Velo3D, Inc.) — medium confidence, target: June 2024

FAQ

Key Financial Figures

• $0.00001 — ich registered Common stock, par value $0.00001 per share VLD New York Stock Exchange
• $11.50 — mon stock, each at an exercise price of $11.50 per share VLD WS New York Stock Exchang
• $1.00 — the Company's common stock is less than $1.00 per share over a consecutive 30 trading

Filing Documents

• vld-20240104.htm (8-K) — 38KB
• exhibit991-listingrelease.htm (EX-99.1) — 10KB
• 0001825079-24-000001.txt ( ) — 232KB
• vld-20240104.xsd (EX-101.SCH) — 2KB
• vld-20240104_def.xml (EX-101.DEF) — 18KB
• vld-20240104_lab.xml (EX-101.LAB) — 35KB
• vld-20240104_pre.xml (EX-101.PRE) — 19KB
• vld-20240104_htm.xml (XML) — 4KB

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. As previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission (the " Commission ") on December 28, 2023 (the " December 28 8-K "), on December 26, 2023, Velo3D, Inc. (the " Company ") received informal notice from the New York Stock Exchange (the " NYSE ") that the NYSE would be sending the Company a written notice (the " Notice ") that the Company is below compliance criteria pursuant to the continued listing standards set forth in Section 802.01C of the NYSE Listed Company Manual as the average closing price of the Company's common stock is less than $1.00 per share over a consecutive 30 trading-day period. The disclosure contained in Item 3.01 of the December 28 8-K is incorporated by reference herein. On December 28, 2023, the Company received the Notice from the NYSE. In accordance with applicable NYSE procedures, the Company plans to notify the NYSE of its intent to cure the deficiency. Pursuant to Section 802.01C of the NYSE Listed Company Manual, the Company will have a period of six months following the receipt of the Notice to regain compliance with the Minimum Share Price Requirement. The Notice has no immediate impact on the listing of the Company's common stock, which will continue to be listed and traded on the NYSE during the applicable cure period, subject to the Company's compliance with the other continued listing requirements of the NYSE and will not affect the ongoing business operations of the Company or its reporting requirements with the Commission. However, failure to satisfy the conditions of the cure period or to maintain other NYSE listing requirements could lead to a delisting.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On January 3, 2024, the Company issued a press release announcing the receipt of the Notice. A copy of the press release is furnished herewith as Exhibit 99.1. The information set forth under this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

01. Financial Statement and Exhibits

Item 9.01. Financial Statement and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release, dated January 3, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Velo3D, Inc. Date: January 4, 2024 By: /s/ Bernard Chung Name: Bernard Chung Title: Acting Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR