Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 283

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 283
---
 Notes, it will be required to pay 120% of the principal amount repaid (the “Repayment Price”) plus accrued and unpaid interest.

The Secured Notes include terms that provide Arrayed seniority over other unsecured obligations in any settlement negotiations in the event of liquidation. Additionally, the Secured Notes contain redemption features in the event of default or a fundamental change in control that would make the Secured Notes immediately callable at a predetermined rate as described in the Secured Notes. The redemption features are settled in cash.

As of June 30, 2025, the unamortized discount was $ 0.2million, which includes the difference between the principal and the Repayment Price. For the three and six months ended June 30, 2025, the Company incurred less than $ 0.1million and $ 0.1million in interest expense, respectively, related to the Secured Notes. The effective interest rate was 8.7% for the three and six months ended June 30, 2025.

The future minimum aggregate payments for the above borrowings are equal to the quarterly payments made using the Repayment Price, are as follows as of June 30, 2025:

Schedule of Future Minimum Aggregate Payments

|                                                                           |     | (In thousands) |        |   |
|:--------------------------------------------------------------------------|:----|:---------------|-------:|:--|
| Remainder of 2025                                                         |     | $              | 17,613 |   |
| 2026                                                                      |     |                |  6,122 |   |
| Total                                                                     |     | $              | 23,735 |   |
| Less: Amount of debt discount to be amortized subsequent to June 30, 2025 |     |                |   (231 | ) |
| Less: Amount of interest to be accrued subsequent to June 30, 2025        |     |                | (1,029 | ) |
| Debt as of June 30, 2025                                                  |     | $              | 22,475 |   |

Note 10. Equity Instruments

Common stock

Our authorized share capital consists of 500,000,000shares of common stock, par value $ 0.00001per share, and 10,000,000shares of preferred stock, par value $ 0.00001per share. As of June 30, 2025, we had 14,067,416shares of