The Petronas and TNSC-backed 3D printing tedchnology provider has agreed to list through a reverse takeover deal at a $1.6bn valuation.
Velo3D, a US-based metal printer manufacturer that counts oil and gas provider Petronas and industrial gas producer Taiyo Nippon Sanso Corporation (TNSC) as investors, agreed a reverse takeover on Tuesday.
The company is merging with Jaws Spitfire Acquisition Corporation, a special purpose acquisition company listed on the New York Stock Exchange, having floated in a $300m initial public offering in December 2020.
The deal gives the company a pro forma enterprise value of $1.6bn and will be supported by a…
