Company: VLDXW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001641172-25-022448
Chunk: 32

Company: Velo3D, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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) 65,307 shares of the Company’s common
stock and (ii) warrants to purchase up to 65,307 shares of common stock (the “BEPO Warrants”). The offering price per share
of common stock and the exercise price of the accompanying BEPO Warrants is $183.75.

On
April 12, 2024, the Company completed the BEPO Offering, resulting in gross proceeds to the Company of approximately $12 million. The
Company used the net proceeds from the BEPO Offering primarily for funding working capital and capital expenditures and other general
corporate purposes, including repayment of a portion of the Company’s Secured Notes.

    17

In
connection with the BEPO Offering, on April 10, 2024, the Company also entered into a placement agency agreement (the “BEPO Placement
Agency Agreement”) with A.G.P./Alliance Global Partners (the “BEPO Placement Agent”). Pursuant to the terms of the
BEPO Placement Agency Agreement, the BEPO Placement Agent agreed to arrange for the sale of the shares of common stock and the warrants.
The Company paid the BEPO Placement Agent a cash fee equal to 7.0% of the aggregate purchase price paid by the Purchasers in connection
with sales and reimbursed the BEPO Placement Agent for certain of its expenses in an aggregate amount of $150,000. In addition, the Company
issued Placement Agent warrants (the “BEPO Agent Warrants”) to purchase such number of shares of common stock equal to 5.0%
of the aggregate number of shares of common stock sold in the BEPO Offering, or an aggregate of 3,266 shares of common stock. The BEPO
Agent warrants are exercisable immediately upon issuance and have substantially the same terms as the BEPO Warrants, except that the
BEPO Agent Warrants have an exercise price of $202.125 per share (representing 110% of the offering price per share of common stock and
accompanying warrant) and will expire five years from the commencement of the sales pursuant to the BEPO Offering.

February
2025 Securities Purchase Agreement 

On
February 24, 2025, the Company entered into Warrant Exchange Agreements (the “February Warrant Exchange Agreements”)
with each of: (i) Highbridge Tactical Credit Master Fund, L.P. (“HM”); (ii) Highbridge Tactical Credit Institutional
Fund, Ltd. (collectively with HM,