Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 149

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 149
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 entered into the December 2024 Exchange Agreement where we issued 12,343,423 shares of our common stock, in exchange for the cancellation of $22.4 million in principal amount of our Secured Notes plus $0.4 million of accrued interest on the Secured Notes. Arrayed continues to hold $5.0 million in principal amount of the Secured Notes, and as a result of the December 2024 Exchange, became, at the time of the transaction, the owner of approximately 95% of our issued and outstanding common stock.

On January 7, 2025, we issued the January Note to Thieneman Properties, LLC, in which Mr. Thieneman, a member of our Board, holds 30% interest. As of April 30, 2025, the amount outstanding under the January Note is $5,000,000. We paid an interest payment of $750,000 on April 7, 2025, covering the first three months of interest on the January Note.

On February 10, 2025, we issued the February Note to Thieneman Construction, Inc, in which Mr. Thieneman holds 87.4% interest. As of April 30, 2025, the amount outstanding of the February Note is $10,000,000 and amount of interest payable is approximately $3,000,000 annually. We have not made an interest payment as of April 30, 2025.

On August 14, 2025,
we and the holder of the January Note entered into an Amendment to Senior Secured Convertible Promissory Note, which amended certain
provisions of the January Note to, among other things: (i) extend the maturity date under the January Note to February 14, 2027; (ii)
reduce the interest rate under the January Note to 12% per annum; and (ii) reduce the conversion price of the January Note to $16.38
per share.

On August 14, 2025,
we and the holder of the February Note entered into an Amendment to Senior Secured Convertible Promissory Note, 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.