Velo3D Amends Senior Secured Convertible Notes With Arrayed and Thieneman Construction

Reuters03-07
Velo3D Amends Senior Secured Convertible Notes With Arrayed and Thieneman Construction

Velo3D Inc. amended two senior secured convertible promissory notes. A March 4, 2026 amendment to its $5 million January 2025 note, now held by Arrayed Notes Acquisition Corp., allows the holder to convert principal and accrued interest into Velo3D common stock. The company also amended its $10 million February 2025 note with Thieneman Construction, Inc. to permit conversion of accrued and unpaid interest, in addition to principal, into common stock at the holder’s option.

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