Velo3D defaults on Senior Secured Notes; obtains forbearance until Dec 16, 2024

Velo3D, Inc.

Velo3D missed partial redemption and interest payments on Senior Secured Notes since September 2024.
Company also failed to file its Q3 2024 Form 10-Q and deliver required compliance certificates.
Forbearance agreement with noteholders High Trail Investments ON LLC and HB SPV I Master Sub LLC effective Dec 9, 2024, ending Dec 16, 2024.
During forbearance, noteholders agree not to enforce remedies; other defaults (e.g., bankruptcy) terminate forbearance immediately.
Company releases holders from claims arising before Dec 9, 2024, upon closing of a purchase agreement with Arrayed Notes Acquisition Corp.

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