Jaws Spitfire Acquisition Corporation (SPFR-UN) is a blank check company incorporated as a Cayman Islands exempted company whose purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company focuses on identifying and completing such transactions, typically in the technology or high-growth sectors, and holds cash proceeds from its initial public offering in trust for distribution to shareholders or use in a business combination. Headquartered in Miami Beach, Florida, and founded in 2020, it operates principally in the United States with a global transaction scope.
In September 2021, Jaws Spitfire completed a merger with Velo3D, Inc., a metal additive manufacturing technology company, pursuant to which JAWS Spitfire was renamed Velo3D, Inc., and Velo3D's common stock began trading on the New York Stock Exchange under the ticker VLD. The transaction provided approximately $274 million in net proceeds, including cash from JAWS Spitfire's trust and a private placement, to support Velo3D's expansion into Europe, rollout of the Sapphire XC printer for space, aviation, energy, and defense industries, and broader adoption of its end-to-end solutions comprising Flow print preparation software, Sapphire family printers, and Assure quality control system powered by Intelligent Fusion manufacturing process. As of 2025, the original SPFR-UN units and related securities continue to appear in limited trading contexts, marked as potentially delisted post-merger, with no further business combinations or major developments reported for the entity since the Velo3D transaction.