Velo3D Announces CFO Resignation and New Appointment

Tip Ranks
2025.12.12 22:55
portai
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Velo3D announced CFO Hull Xu's resignation, effective December 31, 2025, with Bernard Chung appointed as Acting CFO. Additionally, Velo3D entered a Sale Leaseback Agreement with Varilease Finance, selling its metal 3D printers for $10 million and leasing them back for 36 months. This move optimizes financial resources while maintaining equipment use. Analysts rate VELO stock as Hold with a $8.50 price target, noting financial challenges but positive outlook due to recent corporate events.