Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 280

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 280
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 1, 2026. When the Company repays principal on the Secured Notes pursuant to the terms of the Secured Notes, it will be required to pay 120% of the principal amount repaid (the “Repayment Price”) plus accrued and unpaid interest.

The Secured Notes include terms that provide the Arrayed seniority over other unsecured obligations in any settlement negotiations in the event of liquidation. Additionally, the Secured Notes contain redemption features in the event of default or a fundamental change in control that would make the Secured Notes immediately callable at a predetermined rate as described in the Secured Notes. The redemption features are settled in cash.

| F-67 |

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

Pursuant to 17 CFR 200.83</div>

As of March 31, 2025, the unamortized discount was $0.3 million, which includes the difference between the principal and the Repayment Price. For the three months ended March 31, 2025, the Company incurred $0.1 million in interest expense, respectively, related to the Secured Notes. The effective interest rate was 8.7% for the three months ended March 31, 2025.

The future minimum aggregate payments for the above borrowings are equal to the quarterly payments made using the Repayment Price, are as follows as of March 31, 2025:

|                                               |     | (In        
 thousands) |        |   |
|:----------------------------------------------|:----|:-----------|-------:|:--|
| Remainder of 2025                             |     | $          | 17,250 |   |
| 2026                                          |     |            |  5,993 |   |
| Total                                         |     | $          | 23,243 |   |
| Less: Amount of debt discount to be amortized 
 subsequent to March 31, 2025                  |     |            |   (277 | ) |
| Less: Amount of interest                      
 to be accrued subsequent to March 31, 2025    |     |            | (1,308 | ) |
| Debt as of March 31,                          
 2025                                          |     | $          | 21,658 |   |

Note 10. Equity Instruments

Common stock

Our authorized share capital consists of 500,000,000 shares of common stock, par value $0.00001