With More Than 20 Years of Experience Focused on Transformative Technologies, Sidwell Returns to Velo3D to Guide the Company's New Go-To-Market Sales Strategy to Drive Further Adoption of its Metal 3D Printing TechnologyFREMONT, Calif., Jan. 13, 2025 /PRNewswire/ -- Velo3D, Inc. (OTCQX: VLDX), a leading metal additive manufacturing technology company for mission-critical parts, today announced Michelle Sidwell has rejoined the company as Chief Revenue Officer to support the company's growth objectives and lead its sales and business development teams. With more than 20 years of experience in technology sales and leadership positions supporting businesses bringing transformative technologies to market, Sidwell is well positioned to help Velo3D achieve its new corporate vision."We're thrilled to have Michelle rejoin the company and are confident that her wealth of knowledge and previous Velo3D experience will be critical to the successful execution of our new go-to-market strategy as we look to expand our leadership position in additive manufacturing," said Arun Jeldi, CEO. "She brings extensive experience launching new products into market, streamlining sales processes, growing revenue, and working with customers to find solutions by leveraging Velo3D's industry leading technology to address their most critical, high value metal part manufacturing needs."Prior to rejoining Velo3D, Sidwell was the SVP of Global Enterprise Business at Salesloft, focusing on revenue growth and sales excellence. Salesloft provides sales teams with an AI-powered revenue workflow platform that can improve the sales process for users

RTX Technology Research Center (RTRC), the innovation hub for Raytheon Technologies, is collaborating with Velo3D on the project "In-Situ Dimensional Verification of Increased Complexity AM Parts."

Velo3D announced a major financial restructuring, converting $22 million of debt into equity, making Arrayed Notes Acquisition Corp the majority shareholder with 95% ownership. Arrayed Notes will exchange 81.7% of Velo3D’s senior secured notes and $369k in interest for 185 million new shares. Arun Jeldi will become CEO, and the Board will reduce from 10 to 5 members. Velo3D's stock will continue trading publicly on OTCQX.