Announced
Completed
Financials
Tags
metal parts
metal additive manufacturing
Machinery: Industrial
Reverse Takeover
Acquisition
De-SPAC
Domestic
United States
Private
Private Equity
Friendly
Majority
Single Bidder
Completed
Synopsis
VELO3D, a manufacturing solutions provider, went public via merger with JAWS Spitfire Acquisition, a special purpose acquisition company, in a $1.6bn deal. A $150m PIPE was led by Baron Capital Group and Hedosophia. “I am proud that such visionary partners continue to trust VELO3D to build products through methods that were previously impossible. With JAWS Spitfire’s long-term partnership, we expect to extend the reach of VELO3D’s technology and bring its solutions to even more customers globally. As we scale our business and advance our growth strategy, we expect to expand the high value metal additive manufacturing market and strengthen our competitive position,” Benny Buller, VELO3D CEO.
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