Source-grounded facts extracted from Velo3D, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Brad Kreger was appointed as Interim Chief Executive Officer at Velo3D, Inc..
“Effective as of December 18, 2023, the Board appointed Brad Kreger, the Company’s Executive Vice President of Operations, as its Interim Chief Executive Officer and principal executive officer.”
Benyamin Buller resigned as Chief Executive Officer at Velo3D, Inc..
“(b) On December 15, 2023, at the request of the Board of Directors (the “Board”) of Velo3D, Inc. (the “Company”), Benyamin Buller resigned from his position as Chief Executive Officer the Company.”
Velo3D, Inc. incurred senior notes of $57.5 million aggregate principal amount of new senior secured notes with High Trail Investors ON LLC as collateral agent and holders of the Prior Notes at 6.00% per annum maturing August 1, 2026.
“the remaining Prior Notes were exchanged for (A) $57.5 million aggregate principal amount of new senior secured notes (the "Exchange Notes") and (B) 10,000,000 shares of Common Stock (the "Exchange Shares")”
Velo3D, Inc. entered into Second Supplemental Indenture with U.S. Bank Trust Company, National Association valued at Supplemental indenture to Base Indenture dated August 14, 2023, governing $57.5 million Exchange Not (effective 2023-11-28).
“In connection with the closing, the Company entered into a Second Supplemental Indenture (the “Second Supplemental Indenture”), which amends and supplements the indenture dated as of August 14, 2023 (the “Base Indenture”) between the Company and U.S. Bank Trust Company, National Association, a national banking association, as trustee (the “Trustee”), pursuant to which the Exchange Notes were issued.”
Velo3D, Inc. entered into Voting Agreements with Company's officers and directors valued at Voting agreements to vote shares in favor of issuance of shares issuable pursuant to the Exchange No (effective 2023-11-28).
“In connection with the closing, the Company’s officers and directors entered into voting agreements (the “Voting Agreements”) with the Company pursuant to which the Company’s officers and directors agreed to, among other things, vote at any annual or special meeting of the Company’s stockholders their shares of Common Stock to approve the issuance of the shares of Common Stock issuable pursuant to the Exchange Notes and to provide a proxy to the Company to vote such shares accordingly.”
Velo3D, Inc. entered into Securities Exchange Agreement with holders of outstanding senior secured convertible notes valued at $57.5 million aggregate principal amount of Exchange Notes and 10,000,000 shares of Common Stock (effective 2023-11-27).
“As previously reported in its Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on November 28, 2023 (the “Prior 8-K”), Velo3D, Inc. (the “Company) entered into a Securities Exchange Agreement (the “Exchange Agreement”), dated as of November 27, 2023, with the holders (the “Holders”) of the Company’s outstanding senior secured convertible notes (the “Prior Notes”), and a First Amendment to Securities Purchase Agreement, dated as of November 27, 2023 (the “Purchase Agreement Amendment”), with the Holders.”
Velo3D, Inc. incurred senior notes of $57.5 million aggregate principal amount of new senior secured notes with High Trail Investments ON LLC and an affiliated institutional investor.
“the remaining Prior Notes will be exchanged for (A) $57.5 million aggregate principal amount of new senior secured notes (the “Exchange Notes”)”
Velo3D, Inc. amended Purchase Agreement Amendment with High Trail Investments ON LLC and an affiliated institutional investor.
“(the “Company”) issued and sold $70 million aggregate principal amount of senior secured convertible notes (the “Prior Notes”), convertible into shares of the Company’s common stock, par value $0.00001 per share (“Common Stock”), to High Trail Investments ON LLC and an affiliated institutional investor (the “Purchasers”) pursuant to a Securities Purchase Agreement, dated August 10, 2023 (the “Purchase Agreement”), by and among the Company and the Purchasers.”
Velo3D, Inc. entered into Securities Exchange Agreement with High Trail Investments ON LLC and an affiliated institutional investor (effective 2023-11-27).
“On November 27, 2023, the Company entered into a Securities Exchange Agreement (the “Exchange Agreement”) with the Purchasers”
Velo3D, Inc. reported the quarter ended September 30, 2023 results: revenue $23.8 million, net income a net loss of $(17.4 million) million, or $(0.09) per diluted share, EPS $(0.09) per diluted share.
“the Company expects the Quarterly Report to report for the quarter ended September 30, 2023 revenues of $23.8 million, gross profit of $1.5 million, gross margin of 6.3%, and a net loss of $(17.4 million) million, or $(0.09) per diluted share.”
Velo3D, Inc. updated its three and nine months ended September 30, 2023 guidance (reaffirmed).
“On November 6, 2023, Velo3D, Inc. (“Velo3D, Inc” or the “Company”) issued a press release announcing its financial results for the three and nine months ended September 30, 2023 (the "Press Release").”
Bernard Chung was appointed as Acting Chief Financial Officer and principal financial officer at Velo3D, Inc..
“Bernard Chung, the Company’s Vice President, Finance and principal accounting officer, had been appointed as Acting Chief Financial Officer and principal financial officer of the Company”
Bernard Chung was appointed as Acting Chief Financial Officer at Velo3D, Inc..
“Effective as of September 29, 2023, the Board appointed Bernard Chung, the Company’s Vice President, Finance and principal accounting officer, as its Acting Chief Financial Officer and principal financial officer.”
William McCombe resigned as Chief Financial Officer at Velo3D, Inc..
“On September 21, 2023, William McCombe resigned from his position as Chief Financial Officer of Velo3D, Inc. (the “Company”) and as a member of the Board of Directors (the “Board”) of the Company, effective as of September 29, 2023, to pursue other career opportunities.”
Velo3D, Inc. incurred senior notes of $70,000,000 aggregate principal amount with High Trail Investments ON LLC at 6.00% per annum maturing August 1, 2026.
“the “Purchasers”) pursuant to which the Company agreed to issue and sell, in a registered public offering by the Company directly to the Purchasers (the “Offering”), $70,000,000 aggregate principal amount of the Company’s senior secured convertible notes (the “Initial Notes”) at an issue price of 100.00% of their principal amount. In addition, pursuant to”
Velo3D, Inc. entered into Placement Agent Agreement with Credit Suisse Securities (USA) LLC (effective 2023-08-10).
“on August 10, 2023, the Company entered into a placement agent agreement (the “Placement Agent Agreement”) with the Placement Agent pursuant to which the Company agreed to pay the Placement Agent a cash fee equal to the greater of (i) $1,500,000 and (ii) 5.0% of the gross proceeds from the sale of the Notes”
Velo3D, Inc. entered into Base Indenture with U.S. Bank Trust Company, National Association (effective 2023-08-14).
“the Company entered into an indenture dated as of August 14, 2023 (the “Base Indenture”) between the Company and U.S. Bank Trust Company, National Association, a national banking association, as trustee (the “Trustee”), as supplemented by a first supplemental indenture dated as of August 14, 2023, between the Company and the Trustee (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), pursuant to which the Initial Notes were, and any Additional Notes will be, issued”
Velo3D, Inc. entered into Purchase Agreement with High Trail investments ON LLC and an affiliated institutional investor valued at $70,000,000 aggregate principal amount (effective 2023-08-10).
“On August 10, 2023, Velo3D, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with High Trail investments ON LLC and an affiliated institutional investo r (collectively, the “Purchasers”) pursuant to which the Company agreed to issue and sell, in a registered public offering by the Company directly to the Purchasers (the “Offering”), $70,000,000 aggregate principal amount of the Company’s senior secured convertible notes”
Velo3D, Inc. reported the three and six months ended June 30, 2023 results: revenue $25.1. Guidance reaffirmed.
“the critical, high value metal parts they need.” ($ in Millions, except percentages and per-share data) 2 nd Quarter 2023 1 st Quarter 2023 2 nd Quarter 2022 GAAP revenue $25.1 $26.8 $19.6 GAAP gross margin 11.9% 10.9% 6.3% GAAP net income (loss) 1 ($23.2) ($36.2) $128.0 GAAP net income (loss) per diluted share ($0.12) ($0.19) $0.63 Non-GAAP net loss 2”
Ellen Pawlikowski resigned as Director at Velo3D, Inc..
“On July 25, 2023, the Board received a letter from Gen. Pawlikowski resigning as a director of the Company and as a member of Board committees on which she serves.”
Adrian Keppler was appointed as Director at Velo3D, Inc..
“appointed Adrian Keppler to serve as a member of the Board to fill the vacancy created by the resignation described below.”
Velo3D, Inc.: Amended certificate of incorporation to permit exculpation of certain officers from liability in specific circumstances (effective 2023-06-08).
“on June 8, 2023, at the Annual Meeting of Stockholders (the “Annual Meeting”) of Velo3D, Inc. (the “Company”), the Company’s stockholders approved a certificate of amendment (the “Certificate of Amendment”) to the Company’s certificate of incorporation to permit the exculpation of certain of the Company’s officers from liability in specific circumstances. On June 8, 2023, the Company filed with the Secretary of State of the State of Delaware the Certificate of Amendment.”
Velo3D, Inc. shareholders approved Approval of an amendment to the Company's Certificate of Incorporation to permit the exculpation of certain officers at the 2023-06-08 meeting.
“Proposal 3: Approval of an Amendment to the Company's Certificate of Incorporation to Permit the Exculpation of Officers. Votes For Votes Against Abstentions Broker Non-Votes 127,726,011 673,792 106,135 20,400,533 As a result, the stockholders approved the Certificate of Amendment to permit the exculpation of certain officers of the Company.”
Velo3D, Inc. shareholders approved Ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023 at the 2023-06-08 meeting.
“Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm. Votes For Votes Against Abstentions 148,719,225 148,427 38,819 As a result, the stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023. There were no broker non-votes on this matter.”
Velo3D, Inc. shareholders approved Election of three Class II directors of the Company, each to serve a three-year term expiring at the 2026 Annual Meeting of Stockholders and until such director's successor is duly elected and qualified at the 2023-06-08 meeting.
“Proposal 1: Election of Directors. Nominee Votes For Votes Withheld Broker Non-Votes Michael Idelchik 112,383,665 16,122,273 20,400,533 Stefan Krause 128,106,349 399,589 20,400,533 Ellen Smith 127,256,561 1,249,377 20,400,533 As a result, the stockholders elected each of Michael Idelchik, Stefan Krause and Ellen Smith as Class II directors to serve until the 2026 Annual Meeting of Stockholders and until such director's successor is duly elected and qualified.”
Ellen Pawlikowski resigned as Director at Velo3D, Inc..
“On June 2, 2023, Ellen Pawlikowski notified Velo3D, Inc. (the “Company”) of her intention to resign from the Board of Directors (the “Board”) of the Company in July 2023.”
Velo3D, Inc. reported fiscal first quarter ended March 31, 2023 results: revenue $26.8, net income ($36.2), EPS ($0.19). Guidance reaffirmed.
“($ in Millions, except percentages and per-share data) 1 st Quarter 2023 4 th Quarter 2022 1 st Quarter 2022 GAAP revenue $26.8 $29.8 $12.2 GAAP gross margin 10.9% 5.9% 0.1% GAAP net income (loss) 1 ($36.2) $22.6 ($65.3) GAAP net income (loss) per diluted share ($0.19) $0.11 ($0.36)”
Velo3D, Inc. updated its fourth quarter and fiscal year ended December 31, 2022 guidance (raised).
“On March 2, 2023, Velo3D, Inc. (“Velo3D, Inc” or the “Company”) issued a press release announcing its financial results for the three and twelve months ended December 31, 2022 (the "Press Release").”
Velo3D, Inc.: Adopted amended and restated bylaws effective March 11, 2023, incorporating universal proxy rules, DGCL updates, and other changes (effective 2023-03-11).
“On February 16 , 2023, the board of directors (the “ Board ”) of Velo3D, Inc. (the “ Company ”) approved and adopted the Company’s amended and restated bylaws (the “ Amended and Restated Bylaws ”), which will become effective on March 11, 2023, following the expiration of the notice period for stockholder nominations to the Board and other proposals to be considered at the 2023 annual meeting of stockholders under the Company’s existing bylaws.”
Velo3D, Inc. reported fiscal year ended December 31, 2022 results: revenue in the range of $80 million to $81 million.
“For fiscal year ended December 31, 2022, revenue will be in the range of $80 million to $81 million and gross margin will be in the range of 3.0 percent to 4.0 percent.”
Velo3D, Inc. reported the fourth quarter ended December 31, 2022 results: revenue in the range of $29 million to $30 million.
“the company preliminarily estimates that: • For the fourth quarter ended December 31,2022, revenue will exceed the company’s previous guidance and be in the range of $29 million to $30 million.”
Velo3D, Inc. entered into Sales Agreement with Needham & Company, LLC valued at up to $40 million (effective 2023-02-06).
“On February 6, 2023, Velo3D, Inc. (“Velo3D”) entered into a Sales Agreement (the “Sales Agreement”) with Needham & Company, LLC (“Needham”), as agent, pursuant to which Velo3D may offer and sell, from time to time through Needham, shares of its common stock, par value $0.00001 per share (the “Shares”).”
Velo3D, Inc. reported third fiscal quarter of 2022 results: revenue $19.6. Guidance lowered.
“high value metal parts,” concluded Buller. ($ in Millions, except percentages and per-share data) 3 rd Quarter 2022 2 nd Quarter 2022 3 rd Quarter 2021 GAAP revenue $19.1 $19.6 $8.7 GAAP gross margin (0.6%) 6.3% 16.9% GAAP net income (loss) 1 ($75.2) $128.0 ($66.6) GAAP net income (loss) per diluted share ($0.41) $0.63 ($3.36) Non-GAAP net loss 2 ($22.5)”
Sven Strohband resigned as Director at Velo3D, Inc..
“The Board received letters from each of Ricardo Angel, Jory Bell, David Cowan and Sven Strohband resigning as a directors of the Company and as members of Board committees on which they serve.”
David Cowan resigned as Director at Velo3D, Inc..
“The Board received letters from each of Ricardo Angel, Jory Bell, David Cowan and Sven Strohband resigning as a directors of the Company and as members of Board committees on which they serve.”
Jory Bell resigned as Director at Velo3D, Inc..
“The Board received letters from each of Ricardo Angel, Jory Bell, David Cowan and Sven Strohband resigning as a directors of the Company and as members of Board committees on which they serve.”
Ricardo Angel resigned as Director at Velo3D, Inc..
“The Board received letters from each of Ricardo Angel, Jory Bell, David Cowan and Sven Strohband resigning as a directors of the Company and as members of Board committees on which they serve.”
Ellen Pawlikowski was appointed as Director at Velo3D, Inc..
“appointed Ellen Pawlikowski to serve as a member of the Board”
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.