Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 223

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 223
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2023 |        |   |
|:-------------------------|:----|:---------------|------:|:----|:-----|-------:|:--|
| Secured notes            |     | $              | 5,666 |     | $    | 33,516 |   |
| Deferred financing costs |     |                |     — |     |      |   (384 | ) |
| Total                    |     | $              | 5,666 |     | $    | 33,132 |   |
| Debt – current           
 portion                  |     |                | 5,666 |     |      | 21,191 |   |
| Long-term debt – less    
 current portion          |     | $              |     — |     | $    | 11,941 |   |

Secured Convertible Notes —On August 10, 2023, the Company entered into the Securities Purchase Agreement with High Trail Investments ON LLC and an affiliated institutional investor (together, the “Investors”) pursuant to which the Company agreed to issue and sell in an offering up to $105 million aggregate principal amount of senior secured convertible notes (the “Secured Convertible Notes”). On August 14, 2023, the Company issued $70 million aggregate principal amount of Secured Convertible Notes to the Investors. In addition, the Company granted the Investors the right to purchase up to an additional $35 million aggregate principal amount of the Secured Convertible Notes so long as the notice to exercise such option was provided no later than August 14, 2024. The Secured Convertible Notes bore interest at 6.00% per annum, payable quarterly in cash on January 1, April 1, July 1 and October 1 of each year, commencing on October 1, 2023, and would mature on August 1, 2026. The Secured Convertible Notes included covenants requiring the Company to, among others things, maintain minimum levels of quarterly revenue through the quarter ended June 30, 2026.

| F-29 |

<div align='center'>Confidential Treatment Requested by Velo3D, Inc.

Pursuant to 17 CFR 200.83

Velo3D, Inc.

Notes to Consolidated Financial Statements</div>

Beginning on January 1, 2024, the Investors had the option to require the Company to repay principal on the Secured Convert