Velo3D issues $5M convertible note at 60% interest; appoints CEO Arun Jeldi at $425K salary

Velo3D, Inc.

Issued $5M senior secured convertible note to Thieneman Properties, LLC; maturity April 7, 2025.
Note bears 60% annual interest; conversion price $1.56 per share if default occurs.
CEO Arun Jeldi appointed (effective Dec 24, 2025) with base salary $425K and target bonus 80% of base.
COO Bradley Kreger base salary approved at $400K per year.
Note secured by accounts receivable and inventory; subsidiary Velo3D US, Inc. provides guaranty.

item 1.01 item 2.03 item 3.02 item 5.02 item 9.01

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Appointed

Arun Jeldi

Chief Executive Officer

VELO · Velo3D, Inc.

Effective: 2025-12-24
Filed: January 10, 2025, 6:59 PM ET

on December 24, 2025 the Board of Directors of the Company (the “Board”) appointed Arun Jeldi to serve as Chief Executive Officer of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Arun Jeldi was appointed as Chief Executive Officer at Velo3D, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

on December 24, 2025 the Board of Directors of the Company (the “Board”) appointed Arun Jeldi to serve as Chief Executive Officer of the Company.

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Velo3D, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-001591

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