Form 8-K Velo3D, Inc. For: Apr 02
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Velo3D (VLD) Enters Second Note Amendment
April 2, 2024 8:37 AM EDTOn April 1, 2024, Velo3D (NYSE: VLD) 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. Pursuant to the Second Note Amendment, the Company agreed to (A) make a cash payment of $5.5 million on April 1, 2024 to redeem approximately $4.2 million of aggregate principal amount of the Notes, together with accrued and unpaid interest, and (B) a cash payment of $5.5 million on... More
