Just a heads up to $Velo3D(VELO.US).
There was a $500M shelf for an ATM / Warrants dilution, which is structurally large relative to its $311m MC.This was a popular retail X stock for speculated SpaceX, Andruil, and Defense supply chains:With:- $32.6M from Department of War- $11.5M from Defense Primes- $9.8M from DLA Contracts all recently (largely positive for the company). They announced the dilution was for "scaling 400 production systems over the next decade" as well as M&A. However, I do think this amount relative to MC is pretty predatory, especially with ATMs. I mentioned earlier companies like $Velo3D(VELO.US) can be strategically sound, but financially, not as much so when I covered the stock earlier. And this is a material risk to always consider.But, it's good to understand overhang risk if you're still long. Just a standard heads up risk disclosure since this is a popular name.Source: Serenity
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