secwatch.observer — SEC 8-K summary
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Issuer:     Velo3D, Inc. (VELO)
CIK:        0001825079
Form:       8-K
Filed at:   2025-08-18T23:59:59+00:00
Accession:  0001641172-25-024603
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825079/000164117225024603/0001641172-25-024603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825079/000164117225024603/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-024603

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