Velo3D Explores Strategic Options Including Sale

Velo3D Inc., a metal 3D printing technology company, is exploring strategic options including a potential sale, people with knowledge of the matter said.

The California-based firm is working with an adviser as it weighs alternatives, according to the people, who asked not to be identified because the information is private. Shares of Velo3D have fallen 29% this year, giving it a market value of about $250 million as of Monday’s close.