Company: VLDXW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001641172-25-022448
Chunk: 28

Company: Velo3D, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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7.5 
  
    Weighted – average discount rate – operating leases 
     9.0% 
     8.9% 
     9.0% 
     8.9%

    15

Maturity
of operating lease liabilities as of June 30, 2025 are as follows:

 Schedule
of Maturity of Operating Lease Liabilities

    Year Ending December 31, 
    (In thousands) 
  
    Remainder of 2025 
    $1,200 
  
    2026 
     2,430 
  
    2027 
     2,400 
  
    2028 
     2,490 
  
    2029 
     2,585 
  
    Thereafter 
     6,195 
  
    Total operating lease payments 
    $17,300 
  
    Less portion representing imputed interest 
     (8,148)
  
    Total operating lease liabilities 
    $9,152 
  
    Less current portion 
     1,569 
  
    Long-term portion 
    $7,583 

Note
9. Debt

Debt
consisted of the following:

 Schedule
of Debt

    June 30,  
    December 31, 

    2025  
    2024 

    (In thousands) 
  
    January Note 
    $5,700  
    $— 
  
    February Note 1st Tranche 
     5,583  
     — 
  
    February Note 2nd Tranche 
     5,425  
     — 
  
    Secured Notes 
     5,767  
     5,666 
  
    Total 
    $22,475  
    $5,666 
  
    Debt – current portion 
     16,913  
     5,666 
  
    Long-term debt – less current portion 
    $5,562  
    $— 

As
of June 30, 2025, the Company’s debt consists of the Secured Notes, the January Note, and the February Note. The Company and
Arrayed entered into a forbearance agreement where Arrayed forbore from taking any enforcement action as a result of the occurrences
and/or continuation of any specified events of default. For a full description of these debt arrangements, see