Sept 13 (Reuters) -
* VELO3D - ENTERED INTO AGREEMENT WITH SPACE EXPLORATION TECHNOLOGIES GRANTING SPACEX NON-EXCLUSIVE LICENSE TO CO'S ADDITIVE MANUFACTURING TECHNOLOGIES
* VELO3D INC - SPACEX HAS AGREED TO PAY CO LICENSE FEE OF $5 MILLION IN AGGREGATE PAYABLE IN TWO TRANCHES
* VELO3D INC - ALSO ENTERED INTO A LIMITED CONSENT WITH NOTE HOLDERS
* VELO3D INC - NOTE HOLDERS HOLD A SERIES OF NOTES OF CO IN AGGREGATE PRINCIPAL AMOUNT OF $28.4 MILLION
* VELO3D - FOR PROVISION OF CERTAIN RELATED ENGINEERING, OTHER SUPPORT SERVICES BY CO UNDER AGREEMENT, SPACEX WILL PAY CO $3 MILLION
Source text for Eikon: Further company coverage:
((Reuters.Briefs@thomsonreuters.com;))
Comments