Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 69

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 69
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 months of interest on the January Note.

On February 10, 2025, the Company issued a
Senior Secured Convertible Promissory Note in the principal amount of $10,000,000 (the “February Note”) to Thieneman Construction,
Inc, an Indiana corporation, to be funded in two tranches of $5,000,000. The February Note bears interest at a rate of 30.0% per annum,
is payable in full on the date that is six months from the date such tranche was funded, (the first tranche and second tranche were received
by the Company on February 10, 2025 and March 20, 2025, respectively), in the amount of $5,750,000 and if not paid on or prior to such
date, will continue to accrue interest at the same rate until paid. The outstanding principal amount of the February Note is convertible
into shares of the Company’s common stock upon the occurrence of the Company’s successful listing of shares of its common
stock on a national securities exchange or the occurrence and during the continuation of an event of default, into common stock at a
fixed conversion price of $15.00 per share.

On August 14, 2025,
we and the holder of the January Note entered into an Amendment to Senior Secured Convertible Promissory Note, which amended certain
provisions of the January Note to, among other things: (i) extend the maturity date under the January Note to February 14, 2027; (ii)
reduce the interest rate under the January Note to 12% per annum; and (ii) reduce the conversion price of the January Note to $16.38
per share.

On August 14, 2025,
we and the holder of the February Note entered into an Amendment to Senior Secured Convertible Promissory Note, which amended certain
provisions of the February Note, to, among other things: (i) extend the maturity dates for each tranche to February 14, 2027; (ii) reduce
the interest rate under the February Note to 12% per annum; and (ii) reduce the fixed conversion price to $10.50 per share.

2025 Reverse Stock Split

Effective July 28, 2025, we implemented a 1-for-15 reverse stock split of our issued and outstanding common stock. The reverse stock split was effected by the filing of a certificate of amendment (