Summary by Moomoo AI
Velo3D, Inc. (Velo3D) has announced its plans to hold a virtual 2024 Annual Meeting of Stockholders on June 10, 2024. The meeting will address several key proposals, including the election of three Class III directors, the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2024, and the approval of a reverse stock split of common stock. The reverse stock split aims to increase the per-share market price to comply with NYSE listing requirements and enhance the availability of shares for future issuance. Additionally, stockholders will vote on the approval of common stock issuance related to senior secured convertible notes and warrants. The company has entered into agreements with High Trail Investments and HB SPV I Master Sub LLC, involving the issuance of secured notes, private warrants, and potentially additional secured convertible notes. The meeting materials, including proxy statements and annual reports, are available online, and stockholders are encouraged to vote regardless of their attendance plans.