Velo3D Inc

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Velo3D, Inc. operates as a technology company, which engages in developing and manufacturing metal laser sintering printing machines for 3D printing. Its products include assure system, flow software, sapphire printer, sapphire XC, and SupportFree process. The company was founded by Benyamin Buller in June 2014 and is headquartered in Fremont, CA.

81.7% of the outstanding senior secured notes to be cancelled Velo3D Board of Directors Unanimously Approved the Transaction Velo3D to remain a public Company and continue to serve its customers FREMONT, Calif. , Dec. 24, 2024 /PRNewswire/ -- Velo3D, Inc. (OTCQX: VLDX) ("Velo3D" or the "Company"), the leader in scalable metal 3D printing technology for production manufacturing, today announced a debt for equity exchange where approximately $22.4 million or 81.7% in principal amount of its outstanding senior secured notes, plus approximately $369 thousand of accrued interest on such notes, held by Arrayed Notes Acquisition Corp. (the "Holder") will be cancelled in exchange for an issuance of 185,151,333 newly issued shares of the Company's common stock to the Holder.

Velo3D Announces Debt for Equity Exchange Transaction Significantly Delevers Balance Sheet Arrayed Notes Acquisition Corp to Become Majority Equity Holder of Velo3D

News for Velo3D Inc Stock (VLDX)