Brief: Velo3D Says Entered Into Agreement With Space Exploration Technologies

Velo3D

13/09/2024 15:19

Sept 13 (Reuters) - 
  
    * VELO3D - ENTERED INTO AGREEMENT WITH SPACE EXPLORATION
TECHNOLOGIES GRANTING SPACEX NON-EXCLUSIVE LICENSE TO CO'S
ADDITIVE MANUFACTURING TECHNOLOGIES
    * VELO3D INC - SPACEX HAS AGREED TO PAY CO LICENSE FEE OF $5
MILLION IN AGGREGATE PAYABLE IN TWO TRANCHES
    * VELO3D INC - ALSO ENTERED INTO A LIMITED CONSENT WITH NOTE
HOLDERS
    * VELO3D INC - NOTE HOLDERS HOLD A SERIES OF NOTES OF CO IN
AGGREGATE PRINCIPAL AMOUNT OF $28.4 MILLION
    * VELO3D - FOR PROVISION OF CERTAIN RELATED ENGINEERING,
OTHER
SUPPORT SERVICES BY CO UNDER AGREEMENT, SPACEX WILL PAY CO $3
MILLION

Source text for Eikon:  ID:n0000950170-24-106206 
Further company coverage:  VLD.N 

 ((Reuters.Briefs@thomsonreuters.com;))