Velo3D Announces the Commencement of OTCQX Trading
Velo3D, Inc. (OTCQX: VLDX), a leader in scalable metal 3D printing technology for production manufacturing, has announced the anticipated commencement of trading on the OTCQX® Best Market under the symbol 'VLDX'. The company previously traded on the New York Stock Exchange.
The OTCQX Best Market provides efficient and cost-effective access to U.S. capital markets for over 12,000 companies. It offers streamlined market requirements designed to reduce costs and complexity for publicly traded companies while ensuring transparent trading for investors. To qualify, companies must meet high financial standards, follow best practice corporate governance, and comply with applicable securities laws.
Velo3D, Inc. (OTCQX: VLDX), leader nella tecnologia di stampa 3D metallica scalabile per la produzione, ha annunciato l'attesa inizio delle negoziazioni sul OTCQX® Best Market con il simbolo 'VLDX'. In precedenza, l'azienda era quotata sulla New York Stock Exchange.
Il OTCQX Best Market offre un accesso efficiente e conveniente ai mercati dei capitali statunitensi per oltre 12.000 aziende. Fornisce requisiti di mercato semplificati, progettati per ridurre i costi e la complessità per le aziende quotate, garantendo al contempo un trading trasparente per gli investitori. Per qualificarsi, le aziende devono soddisfare elevati standard finanziari, seguire le migliori pratiche di governance aziendale e rispettare le leggi sulle valori mobiliari applicabili.
Velo3D, Inc. (OTCQX: VLDX), líder en tecnología de impresión 3D metálica escalable para la fabricación, ha anunciado el esperado comienzo de las negociaciones en el OTCQX® Best Market bajo el símbolo 'VLDX'. Anteriormente, la compañía cotizaba en la Bolsa de Nueva York.
El OTCQX Best Market proporciona acceso eficiente y rentable a los mercados de capital de EE. UU. para más de 12,000 empresas. Ofrece requisitos de mercado simplificados diseñados para reducir costos y complejidades para las empresas que cotizan en bolsa, asegurando al mismo tiempo un comercio transparente para los inversores. Para calificar, las empresas deben cumplir con altos estándares financieros, seguir las mejores prácticas de gobernanza corporativa y cumplir con las leyes de valores aplicables.
Velo3D, Inc. (OTCQX: VLDX)는 확장 가능한 금속 3D 프린팅 기술의 분야에서 생산 제조를 선도하는 기업으로, 'VLDX' 기호 하에 OTCQX® Best Market에서 거래를 시작할 것이라고 발표했습니다. 이 회사는 이전에 뉴욕 증권 거래소에서 거래되었습니다.
OTCQX Best Market은 12,000개 이상의 기업에 대해 미국 자본 시장에 효율적이고 비용 효과적으로 접근할 수 있는 기회를 제공합니다. 이곳은 공기업에 대한 비용과 복잡성을 줄이기 위해 설계된 간소화된 시장 요구 사항을 제공하며, 투자자들을 위해 투명한 거래를 보장합니다. 자격을 얻으려면 기업은 높은 재무 기준을 충족하고, 최고의 기업 거버넌스 관행을 따르며, 적용 가능한 증권 법규를 준수해야 합니다.
Velo3D, Inc. (OTCQX: VLDX), leader dans la technologie d'impression 3D métallique extensible pour la fabrication, a annoncé le début tant attendu des échanges sur le OTCQX® Best Market sous le symbole 'VLDX'. Auparavant, l'entreprise était cotée à la Bourse de New York.
Le marché OTCQX Best offre un accès efficace et économique aux marchés de capitaux américains pour plus de 12 000 entreprises. Il propose des exigences de marché simplifiées, conçues pour réduire les coûts et la complexité pour les entreprises cotées, tout en garantissant une transparence dans le trading pour les investisseurs. Pour se qualifier, les entreprises doivent respecter des normes financières élevées, suivre les meilleures pratiques en matière de gouvernance d’entreprise et se conformer aux lois sur les valeurs mobilières applicables.
Velo3D, Inc. (OTCQX: VLDX), ein führendes Unternehmen in der skalierten Metall-3D-Drucktechnologie für die Produktion, hat den erwarteten Beginn des Handels im OTCQX® Best Market unter dem Symbol 'VLDX' angekündigt. Das Unternehmen war zuvor an der New Yorker Börse notiert.
Der OTCQX Best Market bietet mehr als 12.000 Unternehmen einen effizienten und kostengünstigen Zugang zu den amerikanischen Kapitalmärkten. Er bietet vereinfachte Marktanforderungen, die darauf abzielen, Kosten und Komplexität für börsennotierte Unternehmen zu reduzieren, während er gleichzeitig transparenten Handel für Investoren gewährleistet. Um sich zu qualifizieren, müssen Unternehmen hohe finanzielle Standards erfüllen, bewährte Verfahren der Unternehmensführung befolgen und die geltenden Wertpapiergesetze einhalten.
- Transition to OTCQX Best Market may reduce costs and complexity of being publicly traded
- OTCQX Best Market provides access to U.S. capital markets for over 12,000 companies
- Company meets high financial standards and best practice corporate governance to qualify for OTCQX
- Delisting from New York Stock Exchange, potentially reducing visibility and liquidity
Insights
Velo3D's transition from the NYSE to OTCQX is a significant development for investors. This move typically indicates financial challenges or non-compliance with NYSE requirements. While OTCQX offers more flexibility, it often results in reduced liquidity and analyst coverage. The change may impact institutional investment, as some funds are restricted from holding OTC stocks. However, the
The shift to OTCQX could signal a strategic pivot for Velo3D. While potentially viewed negatively by some investors, this move might allow the company to focus on its core business without the pressures of maintaining NYSE listing requirements. The 3D printing industry is evolving rapidly and this change could provide Velo3D with more operational flexibility. However, it's important to note that OTC markets often have lower trading volumes, which may affect stock price volatility. Investors should watch for any changes in Velo3D's market strategy or product development that could leverage this new market position to drive growth in the competitive additive manufacturing sector.
Trading on the OTCQX Best Market offers more than 12,000 companies efficient, cost-effective access to the
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
About Velo3D:
Velo3D is a metal 3D printing technology company. 3D printing—also known as additive manufacturing (AM)—has a unique ability to improve the way high-value metal parts are built. However, legacy metal AM has been greatly limited in its capabilities since its invention almost 30 years ago. This has prevented the technology from being used to create the most valuable and impactful parts, restricting its use to specific niches where the limitations were acceptable.
Velo3D has overcome these limitations so engineers can design and print the parts they want. The company’s solution unlocks a wide breadth of design freedom and enables customers in space exploration, aviation, energy, and semiconductor to innovate the future in their respective industries. Using Velo3D, these customers can now build mission-critical metal parts that were previously impossible to manufacture. The fully integrated solution includes the Flow print preparation software, the Sapphire family of printers, and the Assure quality control system. Through this vertically integrated approach, the Velo3D ecosystem facilitates scalable metal AM using the same print file across any Sapphire system, ensuring repeatable outcomes without the need for additional optimization. This enhances manufacturing scalability and supply chain flexibility, allowing Velo3D customers to seamlessly adapt to fluctuating demand. The company delivered its first Sapphire system in 2018 and has been a strategic partner to innovators such as SpaceX, Aerojet Rocketdyne, Lockheed Martin, Avio, and General Motors. Velo3D has been named as one of Fast Company’s Most Innovative Companies for 2023. For more information, please visit Velo3D.com, or follow the company on LinkedIn or Twitter.
VELO, VELO3D, SAPPHIRE and INTELLIGENT FUSION, are registered trademarks of Velo3D, Inc.; and WITHOUT COMPROMISE, FLOW, FLOW DEVELOPER, and ASSURE are trademarks of Velo3D, Inc. All Rights Reserved © Velo3D, Inc.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240911081252/en/
Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
Investor Relations:
Velo3D
Bob Okunski, VP Investor Relations
investors@velo3d.com
Media Contact:
Velo3D
Dan Sorensen, Senior Director of PR
press@velo3d.com
Source: Velo3D, Inc.
FAQ
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