secwatch / observer

Velo3D, Inc. — fact timeline

Source-grounded facts extracted from Velo3D, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

VELO Velo3D, Inc. JSON
Shareholder Votes

Velo3D, Inc. shareholders approved Approval of amendment to 2021 Equity Incentive Plan to increase authorized shares by 2,860,000.

“As a result, the stockholders approved the amendment to the 2021 Equity Incentive Plan to, among other things, increase the number of shares of common stock authorized for issuance thereunder by 2,860,000 shares.”
Shareholder Votes

Velo3D, Inc. shareholders approved Advisory vote on frequency of say-on-pay.

“As a result, the stockholders approved, on an advisory (non-binding) basis, the preferred frequency of one year for future advisory votes on the Company's executive compensation.”
Shareholder Votes

Velo3D, Inc. shareholders approved Advisory vote to approve named executive officer compensation.

“As a result, the stockholders approved, on an advisory (non-binding) basis, the compensation of the Company's named executive officers as disclosed in the Proxy Statement.”
Shareholder Votes

Velo3D, Inc. shareholders approved Ratification of appointment of Frank, Rimerman + Co. LLP as independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2026-12-31 meeting.

“As a result, the stockholders ratified the appointment of Frank, Rimerman + Co. LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026.”
Shareholder Votes

Velo3D, Inc. shareholders approved Election of two Class II directors.

“As a result, the stockholders elected each of Stefan Krause and Lily Mei as Class II directors to serve until the 2029 Annual Meeting of Stockholders and until such director's successor is duly elected and qualified.”
Material Agreements

Velo3D, Inc. terminated Prior Sales Agreement with Needham valued at Termination of sales agreement dated February 6, 2023 (effective 2026-05-15).

“in connection with the Company’s entry into the Sales Agreement described in Item 1.01 of this Current Report on Form 8 K, on May 15, 2026, the Company delivered a notice to Needham terminating the sales agreement, dated as of February 6, 2023, by and between the Company and Needham (the “Prior Sales Agreement”), which termination was effective on the date thereof.”
Material Agreements

Velo3D, Inc. entered into Sales Agreement with Needham & Company, LLC, Cantor Fitzgerald & Co. and Craig-Hallum Capital Group, LLC valued at up to $100,000,000 aggregate offering price of common stock (effective 2026-05-15).

“On May 15, 2026, Velo3D, Inc. (the “Company”) entered into a sales agreement (the “Sales Agreement”) with Needham & Company, LLC, Cantor Fitzgerald & Co. and Craig-Hallum Capital Group, LLC (each, a “Sales Agent,” and collectively, the “Sales Agents”), acting as sales agents and/or principals.”
Earnings Releases

Velo3D, Inc. reported first quarter ended March 31, 2026 results: revenue $13.8 million, net income ($7.0), EPS ($0.28). Guidance reaffirmed.

“Velo3D Announces First Quarter 2026 Financial Results • Revenue of $13.8 million, up 48% year-over-year • Gross margin of 17.2% • Reaffirms outlook for 2026 revenue between $60 million and $70 million and to turn EBITDA positive in the second half of 2026 FREMONT, Calif., May 12, 2026 - Velo3D, Inc. (Nasdaq: VELO) (“Velo3D” or the “Company”), a leader in additive manufacturing (“AM”) technology known for transforming aerospace and defense supply chains through world-class metal AM, today announced financial results for its first quarter ended March 31, 2026.”
Material Agreements

Velo3D, Inc. entered into Underwriting Agreement with Cantor Fitzgerald & Co. valued at approximately $50 million (effective 2026-04-27).

“On April 27, 2026, Velo3D, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Cantor Fitzgerald & Co., as underwriter (the “Underwriter”), relating to the offer and sale in a firm commitment underwritten registered direct offering (the “Offering”) of 3,571,428 shares (the “Shares”) of the Company’s common stock, par value $0.00001 per share.”
Earnings Releases

Velo3D, Inc. reported the twelve months ended December 31, 2025 results: revenue $46.0, net income ($71.4), EPS ($4.33) per share - basic and diluted. Guidance raised.

“require for mission-critical applications." ($ in Millions, except percentages and per-share data) 4th Quarter 2025 4th Quarter 2024 FY 2025 FY 2024 GAAP revenue $9.4 $12.6 $46.0 $41.0 GAAP gross margin (73.6)% (3.5)% (16.1)% (5.1)% GAAP net loss 1 ($21.9) ($21.3) ($71.4) ($69.9) GAAP net loss per share - basic and diluted ($1.03) ($12.37) ($4.33) ($82.46)”
Earnings Releases

Velo3D, Inc. reported the three and twelve months ended December 31, 2025 results: revenue $9.4, net income ($21.9), EPS ($1.03) per share - basic and diluted. Guidance raised.

“our customers require for mission-critical applications." ($ in Millions, except percentages and per-share data) 4th Quarter 2025 4th Quarter 2024 FY 2025 FY 2024 GAAP revenue $9.4 $12.6 $46.0 $41.0 GAAP gross margin (73.6)% (3.5)% (16.1)% (5.1)% GAAP net loss 1 ($21.9) ($21.3) ($71.4) ($69.9) GAAP net loss per share - basic and diluted ($1.03) ($12.37)”
Material Agreements

Velo3D, Inc. amended February 2025 Note Amendment with Thieneman Construction, Inc. (effective 2026-03-04).

“On March 4, 2026, the Company and Thieneman Construction entered into an Amendment to Senior Secured Convertible Promissory Note (the “February 2025 Note Amendment”), which amended certain provisions of the February 2025 Note to, among other things, provide that, subject to the existing terms of the February 2025 Note, accrued and unpaid interest thereon, in addition to the outstanding principal amount, may be convertible into common stock at the holder’s option.”
Material Agreements

Velo3D, Inc. amended January 2025 Note Amendment with Arrayed Notes Acquisition Corp. (effective 2026-03-04).

“On March 4, 2026, the Company and Arrayed entered into an Amendment to Senior Secured Convertible Promissory Note (the “January 2025 Note Amendment”), which amended certain provisions of the January 2025 Note to, among other things, provide that, at any time and from time to time, the Holder has the right, at its option, to convert all or any portion of the outstanding principal amount of the January 2025 Note, together with accrued and unpaid interest thereon, into shares of the Company’s common stock, par value $0.00001 per share.”
Material Agreements

Velo3D, Inc. entered into Purchase Agreement with certain institutional accredited investors (effective 2025-12-22).

“On December 22, 2025, Velo3D, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional accredited investors (the “Purchasers”), for the issuance and sale in a private placement of an aggregate of 3,636,363 shares of the Company’s common stock”
Equity Issuances

Velo3D, Inc. issued 3,636,363 shares of common stock to certain institutional accredited investors for $8.25 per share.

“On December 22, 2025, Velo3D, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional accredited investors (the “Purchasers”), for the issuance and sale in a private placement of an aggregate of 3,636,363 shares of the Company’s common stock, par value $0.00001 per share (the “Shares”), at a purchase price of $8.25 per share.”
Material Agreements

Velo3D, Inc. entered into Sale Leaseback Agreement and Master Lease Agreement with Varilease Finance, Inc. valued at $10 million (effective 2025-12-08).

“On December 8, 2025, Velo3D, Inc. (the “Company”) and Varilease Finance, Inc. (“Varilease”) entered into a Sale Leaseback Agreement (the “Sale Leaseback Agreement”) pursuant to which the Company agreed to sell to Varilease, and subject to the conditions set forth therein, Varilease agreed to purchase from the Company, assorted Velo3D Sapphire and Sapphire XC metal 3D printers and post processing tools and equipment owned and used by the Company (the “Equipment”). The aggregate purchase price for the Equipment to be received by the Company is $10 million.”
Debt Financings

Velo3D, Inc. incurred lease obligation of $10 million with Varilease Finance, Inc. maturing 36-month base lease term.

“(the “Company”) and Varilease Finance, Inc. (“Varilease”) entered into a Sale Leaseback Agreement (the “Sale Leaseback Agreement”) pursuant to which the Company agreed to sell to Varilease, and subject”
Governance Changes

Velo3D, Inc.: Certificate of Amendment to effect a 1-for-15 reverse stock split of common stock, effective July 28, 2025 (effective 2025-07-28).

“On July 25, 2025, the Company filed a Certificate of Amendment (the “Certificate of Amendment”) to the Charter with the Secretary of State of the State of Delaware to effect the Reverse Stock Split, effective as of July 28, 2025.”
Governance Changes

Velo3D, Inc.: Removed prohibition on stockholder action by written consent from Certificate of Incorporation (effective 2025-07-01).

“On July 1, 2025, Velo3D, Inc. (the “Company”) filed a Certificate of Amendment (the “Amendment”) to its Certificate of Incorporation, as amended (the “Certificate of Incorporation”), with the Secretary of State of the State of Delaware to remove Section 1 of Article VIII of the Certificate of Incorporation, which prohibited stockholder action by written consent without a stockholder meeting.”

Bradley Kreger departed as Chief Operating Officer at Velo3D, Inc..

“On May 19, 2025, Velo3D, Inc. (the “Company”) and Bradley Kreger, the Company’s former Chief Operating Officer, mutually agreed that Mr. Kreger would separate from the Company, effective as of May 19, 2025.”

Bradley Kreger resigned as Director at Velo3D, Inc..

“the Board was notified by each of Michael Idelchik and Bradley Kreger of their decisions to resign as directors of the Company”

Michael Idelchik resigned as Director at Velo3D, Inc..

“the Board was notified by each of Michael Idelchik and Bradley Kreger of their decisions to resign as directors of the Company”

Kenneth Thieneman was appointed as Director at Velo3D, Inc..

“appointed each of Jason Lloyd and Kenneth Thieneman to serve as directors of the Board to fill the vacancies created by the resignations described below.”

Jason Lloyd was appointed as Director at Velo3D, Inc..

“appointed each of Jason Lloyd and Kenneth Thieneman to serve as directors of the Board to fill the vacancies created by the resignations described below.”
Debt Financings

Velo3D, Inc. incurred convertible notes of $10,000,000 with Thieneman Construction, Inc. maturing six months from the date such tranche was funded.

“February 10, 2025, Velo3D, Inc. (the “Company”) issued a Senior Secured Convertible Promissory Note in the principal amount of $10,000,000 (the “Note”) to Thieneman Construction, Inc. (the “Holder”), an Indiana corporation, to be funded in two tranches of $5,000,000.”

Arun Jeldi was appointed as Chief Executive Officer at Velo3D, Inc..

“on December 24, 2025 the Board of Directors of the Company (the “Board”) appointed Arun Jeldi to serve as Chief Executive Officer of the Company.”
Auditor Changes

Velo3D, Inc. engaged Frank, Rimerman + Co. LLP as its auditor.

“On December 21, 2024, with the approval of the Audit Committee of the Board of Directors of the Company, the Company engaged Frank, Rimerman + Co. LLP (“Frank, Rimerman”) as the Company’s new independent registered public accounting firm.”
Auditor Changes

Velo3D, Inc. dismissed PricewaterhouseCoopers LLP as its auditor.

“as previously reported on November 27, 2024, on November 22, 2024, the Audit Committee of the Board of Directors of Velo3D, Inc. (the “Company”) dismissed PricewaterhouseCoopers LLP (“PwC”) as the Company’s independent registered public accounting firm and PwC’s dismissal became effective immediately.”
Governance Changes

Velo3D, Inc.: Board adopted Second Amended and Restated Bylaws with amendments regarding Majority Holder exemption, removal of director confidentiality requirement, and allowance of stockholder action by written consent (effective 2024-12-24).

“Effective December 24, 2024, the Board approved and adopted the Second Amended and Restated Bylaws of the Company (the “Bylaws”), which amend and restate the Amended and Restated Bylaws of the Company that were previously in effect.”
M&A Transactions

Velo3D, Inc. underwent a change of control involving Arrayed Notes Acquisition Corp. for cancellation of $22,382,000.00 in principal amount of the Company’s Senior Secured Notes due 2026 plus $369,303.00 of accrued interest (closed 2024-12-24).

“On December 24, 2024, as a result of the closing of the transactions contemplated by the Exchange Agreement, a change in control of the Company occurred.”
Auditor Changes

Velo3D, Inc. dismissed PricewaterhouseCoopers LLP as its auditor.

“On November 22, 2024, the Audit Committee of the Board of Directors of the Company dismissed PricewaterhouseCoopers LLP (“PwC”) as the Company’s independent registered public accounting firm, effective immediately.”
Restructurings & Charges

Velo3D, Inc. announced a restructuring with charges of approximately $1.3 to 1.5 million (approximately 46 employees).

“On October 9, 2024, Velo3D, Inc. (the “Company”) commenced a reduction in force plan to streamline its business operations, reduce costs and create further operating efficiencies, which is expected to affect approximately 46 employees globally, representing approximately 32% of the Company’s workforce. In connection with the reduction in force, the Company currently estimates it will incur approximately $1.3 to 1.5 million of costs, consisting primarily of personnel expenses such as salaries and wages, one time severance payments, and other benefits.”

Darryl C. Porter was appointed as Independent Director at Velo3D, Inc..

“On September 26, 2024 (the “Appointment Date”), the Board formally appointed Darryl C. Porter as an independent director (“Independent Director”) of the Company to fill the newly created vacancy, effective immediately.”
Restructurings & Charges

Velo3D, Inc. announced a restructuring with charges of approximately $1.1 to 1.7 million (approximately 63 employees globally, representing approximately 30% of the Company's workforce).

“On August 9, 2024, Velo3D, Inc. (the “Company”) announced a reduction in force plan to streamline its business operations, reduce costs and create further operating efficiencies, which is expected to affect approximately 63 employees globally, representing approximately 30% of the Company’s workforce. In connection with the reduction in force, the Company currently estimates it will incur approximately $1.1 to 1.7 million of costs, consisting primarily of personnel expenses such as wages and other benefits.”

Bradley Kreger was appointed as Chief Executive Officer at Velo3D, Inc..

“appointment of Bradley Kreger as the Company’s Chief Executive Officer”

Bradley Kreger was appointed as Chief Executive Officer at Velo3D, Inc..

“On and effective as of June 14, 2024, Velo3D, Inc. (the “Company”) formally appointed Bradley Kreger, a Class III Director of the Company and the Company’s Interim Chief Executive Officer, as the Company’s Chief Executive Officer.”
Earnings Releases

Velo3D, Inc. reported financial results for first quarter ended March 31, 2024.

“On May 15, 2024, Velo3D, Inc. (“Velo3D, Inc” or the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2024 (the "Press Release").”

Hull Xu was appointed as Chief Financial Officer at Velo3D, Inc..

“On April 20, 2024, the Company and Hull Xu entered into an Offer Letter (the “Offer Letter”), dated as of April 19, 2024, providing for the employment of Mr. Xu as the Company’s Chief Financial Officer and principal financial officer.”

Bernard Chung resigned as Acting Chief Financial Officer at Velo3D, Inc..

“On April 17, 2024, Bernard Chung, Acting Chief Financial Officer of the Company, notified the Company of his intention to resign effective April 29, 2024.”

Renette Youssef departed as Chief Marketing Officer at Velo3D, Inc..

“On April 16, 2024, Velo3D, Inc. (the “Company”) and Renette Youssef, the Company’s Chief Marketing Officer, mutually agreed that Ms. Youssef would separate from the Company, effective as of April 19, 2024.”
Material Agreements

Velo3D, Inc. entered into Placement Agency Agreement with A.G.P./Alliance Global Partners valued at 7.0% of the aggregate purchase price (effective 2024-04-10).

“on April 10, 2023, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with A.G.P./Alliance Global Partners (the “Placement Agent”).”
Material Agreements

Velo3D, Inc. entered into Purchase Agreements with certain investors valued at approximately $12 million (effective 2024-04-10).

“On April 10, 2024, Velo3D, Inc. (the “Company”) entered into securities purchase agreements (the “Purchase Agreements”) with certain investors (collectively, the “Purchasers”).”
Earnings Releases

Velo3D, Inc. reported preliminary financial results for the three months ended March 31, 2024.

“On April 4, 2024, Velo3D, Inc. (the “Company”) issued a press release announcing certain updated bookings and backlog information, as well as certain preliminary, unaudited financial estimates for the three months ended March 31, 2024 (the “Press Release”).”
Material Agreements

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

“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”
Material Agreements

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).

“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.”

Brad Kreger was appointed as Director at Velo3D, Inc..

“appointed Brad Kreger, the Company’s Interim Chief Executive Officer, to serve as a member of the Board, effective January 26, 2024.”
Material Agreements

Velo3D, Inc. amended Note Amendment with note holders valued at $25.0 million (effective 2023-12-27).

“In addition, on December 27, 2023, the Company entered into a note amendment (the “Note Amendment”) to its senior secured notes due 2026 (the “Secured Notes”) with the note holders, pursuant to which (A) the Company will make a cash payment to the note holders of $25.0 million to repay approximately $20.8 million of aggregate principal amount of the Secured Notes, together with accrued and unpaid interest (the “Cash Payment”), and (B) effective as of the completion of the Cash Payment, the Secured Notes will be amended to (i) eliminate the requirement to redeem an aggregate of $8,750,000 of principal amount of Secured Notes for a repayment price of $10,500,000, plus accrued and unpaid interest, on January 1, 2024, (ii) eliminate the requirement to maintain a minimum of $35.0 million of unrestricted cash and cash equivalents and (iii) defer the requirement to, on or before December 31, 2023, establish a new “at-the-market” offering program (or increase the Company’s existing “at-the-mar”
Material Agreements

Velo3D, Inc. entered into Placement Agency Agreement with A.G.P./Alliance Global Partners (effective 2023-12-27).

“In connection with the Offering, on December 27, 2023, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with A.G.P./Alliance Global Partners (the “Placement Agent”).”
Material Agreements

Velo3D, Inc. entered into Purchase Agreements with certain institutional investors valued at approximately $18.0 million (effective 2023-12-27).

“On December 27, 2023, Velo3D, Inc. (the “Company”) entered into securities purchase agreements (the “Purchase Agreements”) with certain institutional investors (collectively, the “Purchasers”).”
Listing & Compliance Notices

Velo3D, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

“December 26, 2023, the Company received informal notice from the New York Stock Exchange (the “NYSE”) that the NYSE will be sending the Company a written notice (the “Notice”) that the Company is below compliance criteria pursuant to the continued listing standards set forth in Section 802.01C of the NYSE Listed Company Manual as the average closing price of the Company’s common stock is less than $1.00 per share over a consecutive 30 trading-day period (the “Minimum Share Price Requirement”). In accordance with applicable NYSE procedures, upon receipt of the Notice, the Company plans to notif”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.