{"url_path":"/sec/velo/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1825079/0001193125-26-223945-index.html","accession_number":"0001193125-26-223945","cik":"0001825079","ticker":"VELO","issuer_name":"Velo3D, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1825079/0001193125-26-223945-index.html","primary_entity_key":"0001825079","primary_entity_name":"Velo3D, Inc."},"word_count":174,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities and Use of Proceeds\n\nOn March 4, 2026, the Company issued 394,517 shares of common stock to Arrayed Notes Acquisition Corp., a Delaware corporation controlled by Arun Jeldi, the Chief Executive Officer and a director of the Company, upon conversion of a Senior Secured Convertible Promissory Note dated January 7, 2025, in the principal amount of $5,000,000, together with accrued and unpaid interest thereon, at a conversion price of $16.38 per share, pursuant to the exemption from registration under Section 3(a)(9) of the Securities Act of 1933, as amended (the “Securities Act”).\n\nOn March 4, 2026, the Company issued 1,145,830 shares of common stock to Thieneman Construction, Inc., in which Kenneth Thieneman (a director on our Board) holds 87.4% interest, upon conversion of a Senior Secured Convertible Promissory Note dated February 10, 2025, in the principal amount of $10,000,000, together with accrued and unpaid interest thereon, at a conversion price of $10.50 per share, pursuant to the exemption from registration under Section 3(a)(9) of the Securities Act."}