Velo3D amends convertible notes to allow conversion of accrued interest into common stock

Velo3D, Inc.

The $5M January 2025 Note (held by CEO's Arrayed) now allows conversion of principal plus accrued interest into 16.38/share at any time.
The $10M February 2025 Note (held by board member Thieneman) amended to convert principal plus accrued interest at $10.50/share, but only upon national exchange listing or default.
The January 2025 Note was transferred from Thieneman Properties to Arrayed (CEO entity) immediately before amendment on March 4, 2026.
Interest rate previously reduced to 12% per annum; maturity extended to Feb 14, 2027.

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