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Velo3D ( (VELO) ) has issued an announcement.
On January 7 and February 10, 2025, Velo3D, Inc. issued senior secured convertible promissory notes totaling $15 million to entities controlled by director Kenneth Thieneman, which were later amended on August 14, 2025, to extend maturities to February 14, 2027, reduce interest rates to 12% per annum, and reset conversion prices to $16.38 and $10.50 per share, respectively. On March 4, 2026, the company further amended the January 2025 note, now held by Arrayed Notes Acquisition Corp. controlled by CEO Arun Jeldi, and the February 2025 note to allow the holders, at their option, to convert not only principal but also accrued and unpaid interest into common stock, enhancing balance-sheet flexibility while reinforcing the role of insider-affiliated financing in Velo3D’s capital structure.
The most recent analyst rating on (VELO) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Velo3D stock, see the VELO Stock Forecast page.
Spark’s Take on VELO Stock
According to Spark, TipRanks’ AI Analyst, VELO is a Neutral.
The score is held down primarily by very weak financial performance (sharp revenue decline, negative margins, and negative operating/free cash flow). Technicals are mixed but somewhat improved versus longer-term averages, while corporate events provide a moderate offset via new financing and a sizable defense-related contract. Valuation remains challenging to interpret due to losses and no dividend.
To see Spark’s full report on VELO stock, click here.
More about Velo3D
Velo3D, Inc. is an industrial technology company operating in advanced manufacturing and metal additive manufacturing, focusing on delivering hardware and related solutions for producing complex, high-value parts. Its primary market includes industrial customers that utilize senior secured convertible notes and other financing tools to support growth and operations.
Average Trading Volume: 2,083,266
Technical Sentiment Signal: Hold
Current Market Cap: $295.4M
See more data about VELO stock on TipRanks’ Stock Analysis page.