secwatch.observer — SEC 8-K summary
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Issuer:     Velo3D, Inc. (VELO)
CIK:        0001825079
Form:       8-K
Filed at:   2025-12-23T23:59:59+00:00
Accession:  0001493152-25-029070
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Velo3D raises $30M via PIPE at $8.25/share; new and existing institutional investors participate
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- Gross proceeds of ~$30M from 3.6M shares at $8.25 each; led by $20M from new fundamental institutional investor.
- Proceeds to fund general corporate purposes and capex, especially for space/defense Rapid Production Services (RPS).
- Placement agents: Lake Street Capital Markets and Lucid Capital Markets; 6.0% cash fee paid.
- Directors and executive officers subject to 90-day lock-up; Company agrees to 90-day ban on Variable Rate Transactions.
- Closing occurred December 23, 2025; resale registration statement must be filed within 30 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825079/000149315225029070/0001493152-25-029070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825079/000149315225029070/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-029070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer