OTC Markets Group Welcomes Velo3D, Inc. to OTCQX

Rhea-AI Summary

OTC Markets Group Inc. (OTCQX: OTCM) has announced that Velo3D, Inc. (OTCQX: VLDX), a three-dimensional printer producer, has qualified to trade on the OTCQX® Best Market. Velo3D, previously listed on the New York Stock Exchange, began trading on OTCQX on September 11, 2024, under the symbol 'VLDX'. The OTCQX Market provides companies with efficient and cost-effective access to U.S. capital markets, offering streamlined requirements designed to reduce costs and complexity for publicly traded companies while ensuring transparent trading for investors.

To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Investors can find current financial disclosures and Real-Time Level 2 quotes for Velo3D on www.otcmarkets.com.

Positive

• Velo3D gained access to U.S. capital markets through OTCQX, potentially increasing investor visibility
• OTCQX listing may reduce costs and complexity for Velo3D compared to NYSE listing
• Velo3D met high financial standards and best practice corporate governance to qualify for OTCQX

Negative

• Delisting from NYSE to OTCQX may be perceived as a downgrade in market status
• Potential reduction in trading volume and liquidity on OTCQX compared to NYSE

NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Velo3D, Inc. (OTCQX: VLDX), a three dimensional printer producer, has qualified to trade on the OTCQX® Best Market. Velo3D, Inc. previously traded on the New York Stock Exchange.

Velo3D, Inc. begins trading today on OTCQX under the symbol “VLDX.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. 

About Velo3D, Inc.
Velo3D, Inc. produces metal additive three dimensional printers in the United States and internationally. The company's printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other high value metal parts, which it sells or leases to customers for use in their businesses. It also offers Flow, a proprietary software platform, which scans part designs for geometrical features; Sapphire and Sapphire XC printers; Assure, a quality control software platform that includes process metrologies; and Intelligent Fusion, an underlying manufacturing process that unifies and manages the information flow, sensor data, and the advanced printing technology for precision control of the entire print. In addition, the company provides support services. Its customers range from small- and medium-sized enterprises to Fortune 500 companies in the space, aviation, defense, automotive, energy, and industrial markets.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX^® Best Market, OTCQB^® Venture Market and Pink^® Open Market.

Our OTC Link^® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

Subscribe to the OTC Markets RSS Feed

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

FAQ

When did Velo3D, Inc. (OTCQX: VLDX) start trading on the OTCQX Best Market?

Velo3D, Inc. (OTCQX: VLDX) began trading on the OTCQX Best Market on September 11, 2024.

What was Velo3D's previous stock exchange listing before moving to OTCQX?

Velo3D, Inc. was previously traded on the New York Stock Exchange before moving to the OTCQX Best Market.

What is the ticker symbol for Velo3D on the OTCQX Best Market?

Velo3D trades on the OTCQX Best Market under the symbol 'VLDX'.

What are the benefits for companies trading on the OTCQX Market?

The OTCQX Market offers companies efficient, cost-effective access to U.S. capital markets with streamlined requirements designed to lower the cost and complexity of being publicly traded while providing transparent trading for investors.