Velo3D CFO resigns effective year-end; enters $10M sale-leaseback of printers

Velo3D, Inc.

Hull Xu resigns as CFO effective Dec 31, 2025; not due to any disagreement with company.
Board appoints controller Bernard Chung as acting CFO effective Dec 31, 2025; he previously served as acting CFO from Sep 2023 to Apr 2024.
Company sells $10M of Sapphire/Sapphire XC printers and equipment to Varilease Finance via sale-leaseback.
Lease has 36-month base term; Thieneman Construction (controlled by director) is co-lessee and jointly liable.
Debt subordination agreements with Thieneman entities subordinating security interests in the equipment to Varilease.

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