Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 148

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 148
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5% of our capital stock or any member 
 of their immediate family had or will have a direct or indirect material interest.          |

Indemnification Agreements

We have entered into indemnification agreements with each of our respective directors and executive officers. The indemnification agreements and our Bylaws require us to indemnify our directors to the fullest extent not prohibited by DGCL. Subject to very limited exceptions, our Bylaws will also require us to advance expenses incurred by our directors and officers.

Certain Relationships and Related Person Transactions - Velo3D

On December 24, 2024, we and Arrayed Acquisition, a wholly owned subsidiary of Arrayed, of which Mr. Jeldi holds 100% interest, 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.

Arrangements with Immediate Family Members of Our Former Executive Officer and Director

From October 26, 2021 to November 30, 2023, Ronit Buller, wife of Mr. Buller, our former Chief Executive Officer and Director, was employed at Velo3D as our