{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-001591","form_type":"8-K","ticker":"VELO","cik":"0001825079","company_name":"Velo3D, Inc.","filed_at":"2025-01-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.101721+00:00","generated_at":"2026-05-28T05:30:35.807221+00:00","sec_items":["1.01","2.03","3.02","5.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Velo3D issues $5M convertible note at 60% interest; appoints CEO Arun Jeldi at $425K salary","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-001591","json":"https://secwatch.observer/filing/0001493152-25-001591.json","markdown":"https://secwatch.observer/filing/0001493152-25-001591.md","text":"https://secwatch.observer/filing/0001493152-25-001591.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825079/000149315225001591/0001493152-25-001591-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825079/000149315225001591/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T05:30:35.807221+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"18d64d7f09","claim":"Arun Jeldi was appointed as Chief Executive Officer at Velo3D, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825079/000149315225001591/0001493152-25-001591-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}