---
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"
generated_at: "2026-05-28T05:30:35.807221+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-001591
- JSON: https://secwatch.observer/filing/0001493152-25-001591.json
- Plain text: https://secwatch.observer/filing/0001493152-25-001591.txt

## Key facts
- Executive change
  Arun Jeldi was appointed as Chief Executive Officer at Velo3D, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1825079/000149315225001591/0001493152-25-001591-index.htm

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