Velo3D makes $11M debt payments, issues 21.9M warrants to High Trail investors

Velo3D, Inc.

Cash payment of $5.5M on Apr 1 to redeem ~$4.2M principal plus accrued interest.
Cash payment of $5.5M on Apr 15 to repay ~$4.6M principal plus accrued interest.
Issued warrants to purchase 21,949,079 shares of common stock at $0.4556 per share.
Warrants exercisable 45 days after issuance; expire one year after later of that date or SEC effectiveness.
Company agrees to file resale registration statement within 45 days of warrant issuance.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Velo3D, Inc. amended Second Note Amendment with High Trail Investments ON LLC and an affiliated institutional investor valued at $5.5 million (effective 2024-03-31).

Action: amendment
Agreement: credit facility
Counterparty: High Trail Investments ON LLC and an affiliated institutional investor
Value: $5.5 million
Effective: 2024-03-31

Exact text from the filing

Velo3D, Inc. (the “Company”) entered into a second note amendment, dated as of March 31, 2024 (the “Second Note Amendment”), to its senior secured notes due 2026 (as amended, the “Notes”) with High Trail Investments ON LLC and an affiliated institutional investor (the “Investors”) and U.S. Bank Trust Company, National Association, as trustee.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

Velo3D, Inc. entered into Letter Agreement with High Trail Investments ON LLC and an affiliated institutional investor (effective 2024-03-31).

Action: entry
Counterparty: High Trail Investments ON LLC and an affiliated institutional investor
Effective: 2024-03-31

Exact text from the filing

the Company also entered into a letter agreement, dated as of March 31, 2024 (the “Letter Agreement”), with the Investors pursuant to which the Company issued to the Investors warrants (the “Warrants”) to purchase 21,949,079 shares of the Company’s common stock

View on SEC.gov

380 material agreements filed in the last 30 days. Browse all material agreements →

Velo3D, Inc. filing history →

Source: SEC EDGAR

accession 0001825079-24-000006

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.