Existing investors Techstart, Innovation Ulster Limited, and Clarendon were joined in the fund-raising effort by three new investors: 57 Stars, Whiterock, and Innovate UK.
It comes after the company denied it had entered bankruptcy in November, responding to rumours that were sparked by its decision to pull out of the Formnext exhibition at late notice.
Velo3D has come under new ownership after Arrayed Additive, Inc. exchanged approximately 22.4 million USD (81.7%) of its outstanding senior secured notes & 369,USD of accrued interest for 185,151,333 newly issued shares of the company's stock.
TCT Group Content Manager Sam Davies speaks to Forward AM CEO Martin Back about the company's insolvency, the complex carve out from BASF, and what comes next.
For the company's new management team it represents a 'second step' of their plan to relaunch the Shapeways brand and service offering, and will allow creators to monetise their digital designs.
BMW is already using the 3D printing line - which consists of six 3D printers, as well as 3D measurement and core removal solutions, to produce printed moulds for components of its new six-cylinder generation.
These changes at board level will cast fresh doubt as to whether the impending acquisitions by Nano Dimension of Desktop Metal and Markforged will be concluded, since Murchinson is believed to be sceptical of the mergers.
Ursa Major’s advanced propulsion technology had been selected by Raytheon because it was deemed to be a key enabler to providing affordable solutions to the US Army at extended ranges.
GBC Advanced Materials has acquired an XJet Carmel 1400 Ceramic AM solution and plans to produce high-quality ceramic parts for the North American market soon after installation in early 2025.
The F370 is being leveraged by ArcelorMittal to create complex tooling, jigs, fixtures, and functional prototypes, with 'significantly reduced' lead times and enhanced design flexibility being reported.
RYSE 3D has also created ten new jobs, added new export markets and launched its LANDR 500 large format FDM printer this year, while supplying 23 Hypercar projects with HVAC unit, brake duct and wing mirror vision system components.
