Company: VLDXW
Filing Date: 2025-12-23
Form Type: 8-K
Source: 0001493152-25-029070
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Company: Velo3D, Inc.
Filing Date: 2025-12-23
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry into a Material Definitive Agreement.

Private
Placement

On
December 22, 2025, Velo3D, Inc. (the “ Company”) entered into a securities purchase agreement (the “ Purchase Agreement”)
with certain institutional accredited investors (the “ Purchasers”), for the issuance and sale in a private placement of an
aggregate of 3,636,363 shares of the Company’s common stock, par value $0.00001 per share (the “ Shares”), at a purchase
price of $8.25 per share. The foregoing transaction is referred to herein as the “ Private Placement.” On December 23, 2025,
the parties consummated the Private Placement.

Under
the Purchase Agreement, the Purchasers are entitled to certain resale registration rights with respect to shares of the Company’s
common stock issued, the Company is required to prepare and file a resale registration statement with the Securities and Exchange Commission
(the “ SEC”) within 30 days following the closing of the Private Placement. The Company must use its commercially reasonable
efforts to cause this registration statement to be declared effective by the SEC within 30 days following the closing of the Private
Placement (or within 60 days following the closing of the Private Placement if the SEC reviews the registration statement).

The
Company further agreed not to issue any shares of common stock or common stock equivalents or to file a registration statement with the
SEC (in each case, subject to certain exceptions) until 90 days after the effective date of such resale registration statement. The Company
also agreed not to effect or agree to effect any Variable Rate Transaction (as defined in the Purchase Agreement), subject to certain
exceptions, until 90 days after the effective date of such resale registration statement. Additionally, each of the directors and
executive officers of the Company, pursuant to lock-up agreements, agreed not to sell or transfer any of the Company’s securities
which they hold, subject to certain exceptions, during the 90-day period following the closing of the Private Placement.

The
Shares were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “ Securities
Act”), and Regulation D promulgated thereunder and have not been registered under the Securities Act or applicable state securities
laws. Accordingly, the Shares may not be offered or sold in the United States absent registration with the SEC or an applicable exemption
from such registration requirements and in accordance with