Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 307

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 307
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 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 $23.40 per share, subject to adjustment as set forth in the January Note.

| II-2 |

February 2025 Warrant Exchange

On February 21, 2025, we entered into a February 2025 Exchange Agreement with each of: (i) HM; (ii) Highbridge Tactical Credit Institutional Fund, Ltd.; (iii) AMF; (iv) Anson East Master Fund LP; (v) HTI, and (vi) HB SPV I Master LLC, pursuant to which: (a) the Highbridge Holders and the Anson Holders agreed to exchange an aggregate of 60,150 registered warrants issued in April of 2024 and an aggregate of 99,048 registered warrants issued in August of 2024, and (b) the High Trail Holders agreed to exchange an aggregate of 151,808 unregistered warrants issued in April of 2024 and July of 2024, and an aggregate of 19,048 registered warrants issued in December of 2023, for the Acquired Shares, respectively, equating in each case to an exchange ratio of 0.200 Acquired Shares for each warrant. We received no additional consideration in connection with the February 2025 Exchange.

Item 16. Exhibits and financial statement schedules.

| (a) | Exhibits. |

The exhibits listed below are filed as part of this registration statement.

The exhibits to the Registration Statement are listed in the Exhibit Index attached hereto and incorporated by reference herein.

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