secwatch.observer — SEC 8-K summary
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Issuer:     Velo3D, Inc. (VELO)
CIK:        0001825079
Form:       8-K
Filed at:   2026-03-06T23:59:59+00:00
Accession:  0001493152-26-009149
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825079/000149315226009149/0001493152-26-009149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825079/000149315226009149/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-009149

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