Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 303

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 303
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 that were exercisable on the issuance date at an exercise price of $3.00 per share and expire on the five year anniversary of the date on which a resale registration statement is declared effective by the SEC.

November 2023 Securities Exchange Agreement Shares

On November 27, 2023, we entered into a Securities Exchange Agreement with the Purchasers, pursuant to which (i) we agreed to issue 10,000,000 shares of our common stock.

December 2024 Exchange Agreement Shares

On December 24, 2024, we entered into the December 2024 Exchange Agreement with Arrayed Acquisition. Pursuant to the December 2024 Exchange Agreement, on December 24, 2024, we issued to Arrayed Acquisition 185,151,333 shares (the “Exchange Shares”) of our common stock in exchange for the cancellation of $22,382,000.00 in principal amount of our Secured Notes plus $369,303.00 of accrued interest on the Secured Notes.

January 2025 Convertible Note

On January 7, 2025, we issued the January Note in the principal amount of $5,000,000 to Thieneman Properties, LLC (the “January 2025 Note Holder”), an Indiana limited liability company, for gross proceeds of $5,000,000. The January Note is secured by the Company’s and Velo3D US, Inc.’s, our wholly owned subsidiary, accounts receivable, inventory and all proceeds and products thereof. The January Note was payable in full on April 7, 2025 in the amount of $5,750,000, and if not paid on or prior to such date, continues to accrue interest at the same rate until paid. The January Note may be prepaid in whole or in part at any time without penalty or premium, and interest will cease to accrue on any prepaid portion of the January Note when prepaid. The January Note is convertible upon the occurrence and during the continuation of an Event of Default (as defined in the January Note) into shares of our common stock at a fixed conversion price of $1.56 per share, subject to adjustment as set forth in the January Note.

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<div align='center'>Confidential Treatment Requested by Velo3D, Inc.

Pursuant to 17 CFR 200.83</div>

February 2025 Warrant Exchange

On February 21, 2025, we entered into a February