· 供应链分析
涉及标的： $VELO
顺手提醒一下 $VELO。 它有一份 5 亿美元的 shelf，用于 ATM / warrants 稀释，相对于它 3.11 亿美元的市值，这个规模结构性上很大。 它也是个受散户 X 关注的热门票，之前大家在炒 SpaceX、Andruil 和国防供应链。 包括： - 来自战争部的 3260 万美元 - 来自国防主承包商的 1150 万美元 - 来自 DLA 的 980 万美元 这些合同最近都拿到了（对公司总体上是利好）。 他们说这笔稀释是为了“在未来十年扩建 400 套生产系统”以及并购。 不过我确实觉得相对于市值来说，这个金额还是挺掠夺性的，尤其是 ATM 的情况下。 我之前提到过，$VELO 这家公司战略上可能是对的，但从财务角度看就没那么好了，而这本身就是一个必须时刻考虑的重大风险。 不过如果你还在持有，了解一下这个过hang 风险也很重要。 只是标准风险披露一下，因为它是个很受欢迎的名字。
Just a heads up to $VELO. There was a $500M shelf for an ATM / Warrants dilution, which is structurally large relative to its $311m MC. This was a popular retail X stock for speculated SpaceX, Andruil, and Defense supply chains: With: - $32.6M from Department of War - $11.5M from Defense Primes - $9.8M from DLA Contracts all recently (largely positive for the company). They announced the dilution was for "scaling 400 production systems over the next decade" as well as M&A. However, I do think this amount relative to MC is pretty predatory, especially with ATMs. I mentioned earlier companies like $VELO can be strategically sound, but financially, not as much so when I covered the stock earlier. And this is a material risk to always consider. But, it's good to understand overhang risk if you're still long. Just a standard heads up risk disclosure since this is a popular name.