M&A - Velo3D, Inc.

Form Type: 8-K

Filing Date: 2025-02-24

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225007958

Filing Summary: On February 21, 2025, Velo3D, Inc. entered into Warrant Exchange Agreements with various holders including Highbridge Tactical Credit Master Fund, L.P. and Anson Investments Master Fund LP. The agreements entail exchanging a total of 4,950,793 warrants for 14,852,379 shares of Velo3D's Common Stock at an exchange ratio of three shares for each warrant. The closing of this exchange is anticipated to occur on February 24, 2025. The agreements also include provisions regarding lock-up agreements for directors and executive officers, restricting them from selling or transferring shares for 45 days post-closing, with certain exceptions. Additionally, the company indicated plans to facilitate the sale of these shares under Rule 144 of the Securities Act. There are no additional considerations for this exchange, and the common stock will be issued in reliance on the exemption from registration under the Securities Act.

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