(March 11): 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 US$1 billion, one of the people said. Terms aren’t finalized and it’s possible that talks could collapse.
Representatives for Velo3D and Jaws declined to comment.
Campbell, California-based Velo3D, led by founder and CEO Benny Buller, specializes in technology for 3D metal printing and has touted its ability to manufacture previously impossible geometries.