Velo3D reduces warrant exercise price to $2.28, issues new warrants for up to $1.62M gross proceeds

Velo3D, Inc.

Reduced exercise price of 742,857 existing warrants from $19.78 to $2.28 per share via inducement agreement.
Issued new warrants to purchase 1,485,714 shares at $2.28, exercisable immediately, expiring in 5 years.
If exercised in full, aggregate gross proceeds of approximately $1.62 million before expenses.
Net proceeds to be used for working capital and general corporate purposes.
Exercise period for existing warrants closes August 13, 2024 at 8:30 am ET.

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