Velo3D has received a noncompliance notice from the New York Stock Exchange because its average total market capitalisation and stockholders equity over a consecutive 30-day period were both less than 50 million USD.
The company says the latest round of funding marks a 'crucial step' towards the widespread adoption of its metal 3D printing technology, which has been designed to enable precision tooling.
With most high-profile AM technology manufacturers still struggling to achieve consistent profits, TCT Group Content Manager Sam Davies gets a temperature check from the industry.
The news comes one week after Stern spoke bullishly during a keynote panel session at RAPID + TCT about the need for consolidation in additive manufacturing.
Nano Dimension is to acquire all outstanding shares of Desktop Metal for between 135-183 million USD, subject to the approval of Desktop Metal stockholders, regulatory approvals and certain termination rights.
The publicly listed company published a Form 8-K on July 2nd, 2024, detailing that it has filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of the United States Bankruptcy Code.
BASF's Forward AM division has acquired BASF's additive manufacturing business, inclusive of the Sculpteo service business, and will move forward as Forward AM Technologies.
Despite having 6 months to organically raise the value of its stock back above the 1.00 USD mark for a consecutive 30-day period, Desktop Metal has been forced to effect a reverse stock split.
