Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 231

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 231
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          | 5,666 |     | $    | 33,516 |   |
| Deferred                    
 financing costs             |     |            |     — |     |      |   (384 | ) |
| Total                       |     | $          | 5,666 |     | $    | 33,132 |   |
| Debt – current              
 portion                     |     |            | 5,666 |     |      | 21,191 |   |
| Long-term                   
 debt – less current portion |     | $          |     — |     | $    | 11,941 |   |

Secured Convertible Notes —On August 10, 2023, the Company entered into the Securities Purchase Agreement with High Trail Investments ON LLC and an affiliated institutional investor (together, the “Investors”) pursuant to which the Company agreed to issue and sell in an offering up to $105 million aggregate principal amount of senior secured convertible notes (the “Secured Convertible Notes”). On August 14, 2023, the Company issued $70 million aggregate principal amount of Secured Convertible Notes to the Investors. In addition, the Company granted the Investors the right to purchase up to an additional $35 million aggregate principal amount of the Secured Convertible Notes so long as the notice to exercise such option was provided no later than August 14, 2024. The Secured Convertible Notes bore interest at 6.00% per annum, payable quarterly in cash on January 1, April 1, July 1 and October 1 of each year, commencing on October 1, 2023, and would mature on August 1, 2026. The Secured Convertible Notes included covenants requiring the Company to, among others things, maintain minimum levels of quarterly revenue through the quarter ended June 30, 2026.

| F-29 |

<div align='center'>Velo3D, Inc.

Notes to Consolidated Financial Statements</div>

Beginning on January 1, 2024, the Investors had the option to require the Company to repay principal on the Secured Convertible Notes quarterly pursuant to the terms of the Secured Convertible Notes at a repayment price equal to 115% of the Secured Convertible Notes principal balance repaid plus accrued interest. The repayments were calculated at a rate of 12.5% of 115% of the principal balance and would reduce the principal balance