Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 171

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 171
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 a cashless basis prior to          
 redemption and receive that number of shares determined by reference to the table below,            
 based on the redemption date and the “fair market value” of our shares of common                    
 stock, except as otherwise described below;                                                         |
| ● | if,                                                                                                 
 and only if, the closing price of the shares of our common stock equals or exceeds $5,250.00        
 per share (as adjusted for share subdivisions, share dividends, reorganizations, reclassifications, 
 recapitalizations and the like) on the trading day before we send the notice of redemption          
 to the warrant holders;                                                                             |
| ● | if,                                                                                                 
 and only if, the private placement warrants are also concurrently called for redemption on          
 the same terms as the outstanding public warrants, as described above; and                          |
| ● | if,                                                                                                 
 and only if, there is an effective registration statement covering the issuance of our common       
 stock issuable upon exercise of the warrants and a current prospectus relating thereto available    
 throughout the 30-day period after written notice of redemption is given.                           |

| 107 |

The numbers in the table below represent the number of shares of common stock that a warrant holder will receive upon exercise in connection with a redemption by us pursuant to this redemption feature, based on the “fair market value” of the common stock on the corresponding redemption date (assuming holders elect to exercise their warrants and such warrants are not redeemed for $52.50 per warrant), determined based on volume weighted average price of the shares of common stock as reported during the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of warrants, and the number of months that the corresponding redemption date precedes the expiration date of the warrants, each as set forth in the table below.

The share prices set forth in the column headings of the table below will be adjusted as of any date on which the number of shares of common stock issuable upon exercise of a warrant is adjusted as set forth below in the first three paragraphs discussing anti-dilution adjustments. The adjusted share prices in the column headings will equal the share prices immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the number of shares deliverable upon exercise of a warrant immediately prior to such adjustment and the denominator of which is the number of shares deliverable upon exercise of a warrant as so adjusted. The number of shares in the table below shall be adjusted in the