Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 275

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 275
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 Company’s money market funds approximated amortized cost and, as such, there were no unrealized gains or losses on money market funds as of June 30, 2025 and December 31, 2024. Realized gains and losses, net of tax, were not material for any of the periods presented.

| F-61 |

The following table presents a summary of the changes in the fair value of the Company’s Level 3 financial instruments:

Summary of Changes in Fair Value of Level 3 Financial Instruments

|                                  |     | Private        
 placement      
 warrant        
 liabilities    
 (In thousands) |   |     | 2022    
 Private 
 Warrant |    |   |     | Contingent  
 earnout     
 liabilities |    |     | RDO      
 Warrants |      |   |     | Placement 
 Agent     
 Warrants  |     |   |     | 2024 Private Warrants |    |   |     | BEPO Warrants |      |   |     | BEPO Agent Warrants |     |   |     | July 2024 Private Warrants |        |   |     | August Inducement Warrants |        |   |
|:---------------------------------|:----|:---------------|:--|:----|:--------|---:|:--|:----|:------------|---:|:----|:---------|-----:|:--|:----|:----------|----:|:--|:----|:----------------------|---:|:--|:----|:--------------|-----:|:--|:----|:--------------------|----:|:--|:----|:---------------------------|-------:|:--|:----|:---------------------------|-------:|:--|
| Fair value as of January 1, 2025 |     | $              | — |     | $       |  1 |   |     | $           | 11 |     | $        |   90 |   |     | $         |  16 |   |     | $                     |  2 |   |     | $             |  378 |   |     | $                   |  18 |   |     | $                          |    865 |   |     | $                          |    796 |   |
| Change in fair value             |     |                | — |     |         | (1 | ) |     |             |  — |     |