Velo3D Inc. Reduces Interest Rate and Extends Maturity Date for Convertible Promissory Notes

Reuters

Aug 19

Velo3D Inc. Reduces Interest Rate and Extends Maturity Date for Convertible Promissory Notes

Velo3D Inc. has announced an amendment to its financial agreements with Thieneman Properties, LLC. The company has revised the terms of its January 2025 Senior Secured Convertible Promissory Note, initially set at a 60% annual interest rate, reducing it to 12% per annum and extending the maturity date to February 14, 2027. Additionally, the conversion price has been adjusted to $16.38 per share. The February 2025 Note, issued in two $5 million tranches, continues to accrue interest at 30% per annum, with the conversion price remaining at $15.00 per share. These amendments reflect Velo3D's strategic financial management and ongoing collaboration with its stakeholders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Velo3D Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-024603), on August 18, 2025, and is solely responsible for the information contained therein.

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Reduces Interest Rate and Extends Maturity Date for Convertible Promissory Notes","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Velo3D Inc. Reduces Interest Rate and Extends Maturity Date for Convertible Promissory Notes\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Velo3D Inc. has announced an amendment to its financial agreements with Thieneman Properties, LLC. The company has revised the terms of its January 2025 Senior Secured Convertible Promissory Note, initially set at a 60% annual interest rate, reducing it to 12% per annum and extending the maturity date to February 14, 2027. Additionally, the conversion price has been adjusted to $16.38 per share. 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Reduces Interest Rate and Extends Maturity Date for Convertible Promissory Notes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-19 04:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Velo3D Inc. 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ID: 0001641172-25-024603), on August 18, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VLDXD","symbol_name":"Velo3D, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250818:nNDL3Dp9wp:1","article_id":"2560138717","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2560138717","pubTimestamp":1755547345,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Velo3D Inc. has announced an amendment to its financial agreements with Thieneman Properties, LLC. 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