secwatch.observer — SEC 8-K summary
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Issuer:     Velo3D, Inc. (VELO)
CIK:        0001825079
Form:       8-K
Filed at:   2024-04-11T23:59:59+00:00
Accession:  0001825079-24-000012
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Velo3D prices $12M public offering of 34.3M shares and warrants at $0.35/unit
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- Priced 34,285,715 common shares and warrants (each exercisable at $0.35, 5-year term) at $0.35 per unit for gross proceeds of ~$12M.
- Net proceeds to fund working capital, capex, and repayment of senior secured notes due 2026.
- Closing expected on April 12, 2024; A.G.P./Alliance Global Partners serves as placement agent with a 7% cash fee and 1,714,286 placement agent warrants at $0.385.
- Directors and officers agreed to a 90-day lock-up on their Velo3D securities following closing.
- Offering conducted under effective shelf registration statement (File No. 333-268346) filed November 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825079/000182507924000012/0001825079-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825079/000182507924000012/vld-20240411.htm
  HTML page:      https://secwatch.observer/filing/0001825079-24-000012

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