---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-049664"
form_type: "8-K"
ticker: "VELO"
cik: "0001825079"
company_name: "Velo3D, Inc."
filed_at: "2024-12-12T23:59:59+00:00"
generated_at: "2026-05-29T04:16:02.582960+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-049664
- form_type: 8-K
- ticker: VELO
- cik: 0001825079
- company_name: Velo3D, Inc.
- filed_at: 2024-12-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825079/000149315224049664/0001493152-24-049664-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825079/000149315224049664/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-049664
- JSON: https://secwatch.observer/filing/0001493152-24-049664.json
- Plain text: https://secwatch.observer/filing/0001493152-24-049664.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.