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Velo3D, Inc. has modified two secured convertible debt securities, allowing holders to convert unpaid interest into Velo3D shares. The adjustments were disclosed in a press release and SEC filing. The company’s stock is currently at $12.11, below its 52-week high of $23.84.

Velo3D remains unprofitable with $49.16 million in revenue and a -1.83% gross margin. On March 4, 2026, modifications were made to a $5 million convertible note issued in January 2025, enabling conversions at a nominal value of $0.00001 per share.

Additionally, Velo3D secured an $11.5 million contract with a U.S. defense contractor to support a national security program and was selected as a qualified supplier for the U.S. Army’s Ground Vehicle Systems Center.