Velo3D signs registration rights deals tied to debt conversions

Velo3D (NASDAQ: VELO) entered into registration rights agreements with two note holders on July 13, 2026, following their conversion of senior secured convertible promissory notes into common stock.

According to a press release, the company had previously issued a $5,000,000 note to Arrayed Notes Acquisition Corp. and a $10,000,000 note to Thieneman Construction, Inc. Both notes were converted on March 4, 2026, resulting in the issuance of 394,517 shares to Arrayed and 1,145,830 shares to Thieneman.

The registration rights agreements grant each holder up to two demand registrations, with minimum anticipated aggregate offering prices of $2,500,000 for Arrayed and $5,000,000 for Thieneman. Both agreements also include customary piggyback registration rights, along with provisions covering registration procedures, expense allocation, indemnification, deferral rights, and suspension rights.

Arrayed is an affiliate of Arun Jeldi, Velo3D's Chief Executive Officer and Chairman of the Board. The terms of both registration rights agreements are otherwise substantially identical.

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