LMR Partners LLP Reports 7.0% Stake in Velo3D Inc via Warrants

On May 15, 2026, LMR Partners LLP and its affiliates filed a Schedule 13G regarding their holdings in Velo3D Inc (VELO). The reporting group, which includes several LMR investment managers and individuals Ben Levine and Stefan Renold, disclosed a combined beneficial ownership of 1,984,280 shares of common stock. This position represents approximately 7.0% of the company's outstanding shares based on 26,216,822 shares reported as of March 24, 2026. The shares are held through LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd, with each fund holding warrants to purchase 992,140 shares. The filing indicates that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This represents a new significant position for the reporting persons, as the previous ownership percentage was zero. The reporting persons share voting and dispositive power over the reported shares.