Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 306

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 306
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arrant”) to purchase up to 134 shares of our common stock (the “SVB Warrant Shares”) at an exercise price of $1,344 per SVB Warrant Share (which exercise price was equal to the average closing sale price of our common stock as reported on the New York Stock Exchange for the previous 10 trading days prior to the entry into the Amendment). The SVB Warrant is exercisable for a term of ten years and allows cashless exercise in whole or part.

On April 1, 2024, we entered into a letter agreement, dated as of March 31, 2024, with the with High Trail Investments ON LLC and an affiliated institutional investor, pursuant to which we issued to such investors warrants to purchase 41,808 shares of our common stock. Such warrants became exercisable 45 days after the original issuance date, are exercisable at an exercise price of $199.35 per share and will expire on the one-year anniversary of the later of (i) the initial exercise date and (ii) the date on which a resale registration statement is declared effective by the SEC.

On July 1, 2024, we entered into a letter agreement with the holders of certain outstanding senior secured notes due in 2026, pursuant to which we issued to such holders warrants to purchase 110,000 shares of our common stock that were exercisable on the issuance date at an exercise price of $37.50 per share and expire on the five year anniversary of the date on which a resale registration statement is declared effective by the SEC.

November 2023 Securities Exchange Agreement Shares

On November 27, 2023, we entered into a Securities Exchange Agreement with the Purchasers, pursuant to which (i) we agreed to issue 666,667 shares of our common stock.

December 2024 Exchange Agreement Shares

On December 24, 2024, we entered into the December 2024 Exchange Agreement with Arrayed Acquisition. Pursuant to the December 2024 Exchange Agreement, on December 24, 2024, we issued to Arrayed Acquisition 12,343,423 shares (the “Exchange Shares”) of our common stock in exchange for the cancellation of $22,382,000 in principal amount of our Secured Notes plus $369,303 of accrued interest on the Secured Notes.

January 2025 Convertible Note

On January 7, 2025, we issued the January Note in the principal amount of $5,000,000