Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 305

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 305
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); or                                                  |
| ● | any                                                                                          
 transaction from which the director or officer derived an improper personal benefit.         |

In addition, the exculpation provision of the Certificate of Incorporation would not shield officers from liability for claims brought by or in the right of the corporation, such as derivative claims.

As permitted by the Delaware General Corporation Law, the Bylaws provide that:

| ● | the                                                                                            
 Registrant is required to indemnify its directors and officers to the fullest extent permitted 
 by the Delaware General Corporation Law, subject to very limited exceptions;                   |
| ● | the                                                                                            
 Registrant is required to advance expenses, as incurred, to its directors and officers in      
 connection with a legal proceeding to the fullest extent permitted by the Delaware General     
 Corporation Law, subject to limited exceptions; and                                            |
| ● | the                                                                                            
 rights conferred in the Bylaws are not exclusive.                                              |

The Registrant has entered into indemnification agreements with its directors and executive officers, which provide for indemnification and advancements by the Registrant of certain expenses and costs under certain circumstances. At present, there is no pending litigation or proceeding involving a director or executive officer of the Registrant for which indemnification is sought. The indemnification provisions in the Registrant’s Certificate of Incorporation, Bylaws and the indemnification agreements entered into between the Registrant and each of its directors and executive officers may be sufficiently broad to permit indemnification of the Registrant’s directors and executive officers for liabilities arising under the Securities Act.

| II-1 |

The Registrant has directors’ and officers’ liability insurance for securities matters.

Item 15. Recent Sales of Unregistered Securities.

The list below sets forth information as to all unregistered securities we have sold since January 1, 2022 through the date of the prospectus that forms a part of this registration statement. Unless otherwise stated, the issuances of the below securities were deemed to be exempt from registration under the Securities Act in reliance upon Section 4(a)(2) of the Securities Act or Regulation D promulgated thereunder, as transactions by an issuer not involving any public offering.

Warrant Issuances

On July 25, 2022, we, together with Velo3D US, Inc., our wholly owned subsidiary, as the borrowers, entered into a Joinder and Fourth Loan Modification Agreement (the “Amendment”) with Silicon Valley Bank (“SVB”). In conjunction with the Amendment, we issued to SVB a warrant (the “SVB W