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Sternlicht’s Jaws Spitfire SPAC, Velo3D Said to Discuss Merger

Barry Sternlicht’s Jaws Spitfire Acquisition Corp. is in talks to merge with Velo3D, a maker of 3D metal printers, according to people with knowledge of the matter.

A transaction to take Velo3D public is set to value the combined entity at more than $1 billion, one of the people said. Terms aren’t finalized and it’s possible talks could collapse.