Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 302

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 302
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Confidential Treatment Requested by Velo3D, Inc.

Pursuant to 17 CFR 200.83</div>

The Registrant has directors’ and officers’ liability insurance for securities matters.

Item 15. Recent Sales of Unregistered Securities.

The list below sets forth information as to all unregistered securities we have sold since January 1, 2022 through the date of the prospectus that forms a part of this registration statement. Unless otherwise stated, the issuances of the below securities were deemed to be exempt from registration under the Securities Act in reliance upon Section 4(a)(2) of the Securities Act or Regulation D promulgated thereunder, as transactions by an issuer not involving any public offering.

Warrant Issuances

On July 25, 2022, we, together with Velo3D US, Inc., our wholly owned subsidiary, as the borrowers, entered into a Joinder and Fourth Loan Modification Agreement (the “Amendment”) with Silicon Valley Bank (“SVB”). In conjunction with the Amendment, we issued to SVB a warrant (the “SVB Warrant”) to purchase up to 70,000 shares of our common stock (the “SVB Warrant Shares”) at an exercise price of $2.56 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 21,949,079 shares of our common stock. Such warrants became exercisable 45 days after the original issuance date, are exercisable at an exercise price of $0.4556 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 1,650,000 shares of our common stock