Velo3D fell 17.5% today. The company just completed a $50 million private placement, a discounted issuance above the current stock price, with dilution directly realized.
Such financing moves are not uncommon in commercial aerospace, but the fundamental recovery of the 3D-printed metal parts track is weaker than expected. What they can do after the financing is the next question. Should we enter at this level or wait until the lock-up period is over? What's your take?
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