Velo3D, Inc. ((VLD) (the “Company” or “Velo3D”), a leading metal additive manufacturing technology company for mission-critical parts, today announced that its board of directors has approved a 1-for-35 reverse stock split of the Company’s common stock. The common stock will open for trading on the New York Stock Exchange (“NYSE”) on Thursday, June 13, 2024, on a split-adjusted basis under the current trading symbol “VLD”. In connection with the reverse stock split, the CUSIP numbers for the Company’s common stock will change to 92259N 203. The reverse stock split is intended to enable Velo3D to regain compliance with the minimum share price required for continued listing on NYSE. The reverse stock split was approved by Velo3D’s stockholders on June 10, 2024, with the final ratio determined by the Company’s board of directors on June 10, 2024.
Another Financial Giant Will Stop Supporting Cannabis Stocks
Starting January 2023, Euroclear will reportedly no longer support trades of cannabis stocks.
One of the world's largest financial clearing houses collaborating with the majority of the 50 largest banks worldwide, informed investors about its decision last week, reported BusinessCann.
