Velo3D CEO Acquires and Converts Certain of the Company's Debt to Equity at $16.38 Per Share, a Significant Premium to Market Price; Company Eliminates 60% of Debt Outstanding in Total
FREMONT, Calif., March 11, 2026 /PRNewswire/ -- Velo 3D, Inc. (NASDAQ:VELO) ("Velo3D" or the "Company"), a leader in additive manufacturing ("AM") technology known for transforming aerospace and defense supply chains through world-class metal AM, today announced that Dr. Arun Jeldi, the Company's Chief Executive Officer, acquired a $5 million promissory note from an existing debt holder and converted it into shares of common stock at $16.38 per share, a significant premium to the Company's current share price. Separately, an existing noteholder, Ken Thieneman, who is a director of the Company, also converted a $10 million promissory note at $10.50 per share, in accordance with the terms of t
