Company: VLDXW
Filing Date: 2025-08-18
Form Type: 8-K
Source: 0001641172-25-024603
Chunk: 1

Company: Velo3D, Inc.
Filing Date: 2025-08-18
Form: 8-K
Item: Item 1.01
Chunk 1
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 principal amount of $10,000,000 (the “ February Note”)
to the Holder, which was funded
in two tranches of $5,000,000 on February 10, 2025 and March 20, 2025, respectively. Prior to the
amendments described below, each tranche of the February Note: (i) accrued interest at a rate of 30% per annum; (ii) were payable in
full six months from the date each tranche was funded and if not paid on or prior to such date, would continue to accrue interest at the same rate until paid; and
(iii) was convertible upon the Company’s successful listing of its shares
of common stock on a national securities exchange (as defined in Rule 153(c) under the Securities Act) or upon and during the continuation of an Event of Default (as defined
in the February Note), into shares of common stock at a fixed conversion price of $15.00 per share (as adjusted for the reverse stock
split effected by the Company on July 28, 2025).

On
August 14, 2025, the Company and the Holder entered into an Amendment to Senior Secured Convertible Promissory Note (the “ February
Note Amendment”) 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.

The
foregoing descriptions of the January Note Amendment and the February Note Amendment do not purport to be complete and are qualified
in their entirety by the full text of the January Note Amendment and the February Note Amendment, copies of which are filed as
Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

Item
9.01. Financial Statements and Exhibits.

(d)
Exhibits.

  Exhibit      Description                                           
                                                                     
   Number                                                            
     10.1      January Note Amendment, dated as of August 14, 2025   
     10.2      February Note Amendment, dated as of August 14, 2025  
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      104      Cover Page Interactive                                

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