Velo3D amends $15M convertible notes: maturity extended to Feb 2027, interest cut to 12%

Velo3D, Inc.

January Note ($5M): maturity extended from Apr 2025 to Feb 14, 2027; interest reduced from 60% to 12% per annum; conversion price lowered to $16.38/share.
February Note ($10M in two tranches): maturity extended to Feb 14, 2027; interest reduced from 30% to 12%; conversion price cut to $10.50/share.
Both notes are held by entities controlled by board member Kenneth Thieneman; amendments avoid immediate default on overdue principal.

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