Velo3D licenses additive manufacturing tech to SpaceX for up to $8M in fees; 50% to pay down debt

Velo3D, Inc.

SpaceX pays $5M license fee (two $2.5M tranches) and $3M for engineering support services.
Velo3D must use 50% of fees to redeem outstanding principal and interest on $28.4M notes.
License is non-exclusive, perpetual, irrevocable for SpaceX's internal operations; Velo3D retains ownership.
Note holders consented, confirming the deal does not constitute an event of default.
Velo3D will deliver the technology within 10 days and provide improvements made within 12 months.

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