Corporate ActionJul 14, 2026, 04:07 PM
Velo3D Grants Registration Rights for Converted Shares
AI Summary
Velo3D, Inc. has entered into registration rights agreements with Arrayed Notes Acquisition Corp. and Thieneman Construction, Inc. These agreements grant the holders the right to register and sell shares of common stock that were issued upon the conversion of previously held senior secured convertible promissory notes. Arrayed converted a $5,000,000 note into 394,517 shares, and Thieneman converted a $10,000,000 note into 1,145,830 shares. Arrayed is noted as an affiliate of Velo3D's Chief Executive Officer and Chairman of the Board.
Key Highlights
- Velo3D entered registration rights agreements with Arrayed Notes Acquisition Corp. and Thieneman Construction, Inc.
- Agreements grant registration rights for common stock issued from converted senior secured convertible promissory notes.
- Arrayed converted a $5,000,000 promissory note into 394,517 shares of common stock.
- Thieneman converted a $10,000,000 promissory note into 1,145,830 shares of common stock.
- Holders receive up to two "demand" registrations and customary "piggyback" registration rights.
- Arrayed Notes Acquisition Corp. is an affiliate of Velo3D's CEO and Chairman of the Board.
Price Impact
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