{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-009149","form_type":"8-K","ticker":"VELO","cik":"0001825079","company_name":"Velo3D, Inc.","filed_at":"2026-03-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.377604+00:00","generated_at":"2026-05-15T18:54:55.539062+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Velo3D amends convertible notes to allow conversion of accrued interest into common stock","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-009149","json":"https://secwatch.observer/filing/0001493152-26-009149.json","markdown":"https://secwatch.observer/filing/0001493152-26-009149.md","text":"https://secwatch.observer/filing/0001493152-26-009149.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825079/000149315226009149/0001493152-26-009149-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825079/000149315226009149/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T18:54:55.539062+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":"9cb300407234d720e851aa0b2fbc21422d65c48c","claim":"Velo3D, Inc. amended February 2025 Note Amendment with Thieneman Construction, Inc. (effective 2026-03-04).","evidence_excerpt":"On March 4, 2026, the Company and Thieneman Construction entered into an Amendment to Senior Secured Convertible Promissory Note (the “February 2025 Note Amendment”), which amended certain provisions of the February 2025 Note to, among other things, provide that, subject to the existing terms of the February 2025 Note, accrued and unpaid interest thereon, in addition to the outstanding principal amount, may be convertible into common stock at the holder’s option.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825079/000149315226009149/0001493152-26-009149-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Thieneman Construction, Inc."},{"label":"Effective","value":"2026-03-04"}],"fact_type":"material_agreement"},{"claim_id":"cee0aaf09d183cac1967e4977669d80b27a68cb6","claim":"Velo3D, Inc. amended January 2025 Note Amendment with Arrayed Notes Acquisition Corp. (effective 2026-03-04).","evidence_excerpt":"On March 4, 2026, the Company and Arrayed entered into an Amendment to Senior Secured Convertible Promissory Note (the “January 2025 Note Amendment”), which amended certain provisions of the January 2025 Note to, among other things, provide that, at any time and from time to time, the Holder has the right, at its option, to convert all or any portion of the outstanding principal amount of the January 2025 Note, together with accrued and unpaid interest thereon, into shares of the Company’s common stock, par value $0.00001 per share.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825079/000149315226009149/0001493152-26-009149-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Arrayed Notes Acquisition Corp."},{"label":"Effective","value":"2026-03-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}