Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 262

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 262
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,167  | ) |     |               | (39,167 | ) |
| Balance as of June 30, 2025                                                                      |     |              | 14,067,416 |     | $      | 4 |     | $                  | 491,032 |     | $                               |   — |   |     | $           | (469,501 | ) |     | $             |  21,535 |   |
| Balance                                                                                          |     |              | 14,067,416 |     | $      | 4 |     | $                  | 491,032 |     | $                               |   — |   |     | $           | (469,501 | ) |     | $             |  21,535 |   |

<div align='center'>The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.</div>

| F-56 |

<div align='center'>Velo3D, Inc.

Notes to Condensed Consolidated Interim Financial Statements

(Unaudited)</div>

Note 1. Description of Business and Basis of Presentation

Velo3D, Inc., a Delaware corporation (“ Velo3D”), formerly known as JAWS Spitfire Acquisition Corporation (“ JAWS Spitfire”), produces metal additive three dimensional printers (“ 3D Printers”) which enable the production of components for space rockets, jet engines, fuel delivery systems and other high value metal parts, which it sells or leases to customers for use in their businesses. The Company also provides support services (“ Support Services”) for an incremental fee.

Velo3D’s subsidiaries are Velo3D US, Inc., (formerly known as Velo3D, Inc. (“ Legacy Velo3D”), founded in June 2014 as a Delaware corporation headquartered in Campbell, California), Velo3D, B.V., (a sales and marketing office located in the Netherlands) and Velo3D, GmbH, (a sales and marketing office located in Germany). The first commercially developed 3D Printer was delivered in the fourth quarter of 2018.

On September 29, 2021 (the “ Closing Date” or the “ Reverse Recapitalization Date”), JAWS Spitfire completed the previously announced merger with Legacy Velo3D, with Legacy Velo3D surviving as a wholly-owned subsidiary of JAWS Spitfire (the “ Merger” or the “ Reverse Recapitalization”). In connection with the Merger, J