Company: VLDXW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001641172-25-022448
Chunk: 8

Company: Velo3D, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 8
---
    Balance 
     12,993,962  
    $4  
    $469,994  
    $—  
    $(430,334) 
    $39,664 

    Issuance of common stock upon vesting of RSUs 
     83,295  
     -  

     - 
  
    Stock-based compensation 
     —  
     —  
     6,483  
     —  
     —  
     6,483 
  
    Issuance of common stock in connection with warrant cancellation 
     990,159  
     —  
     14,555  
     —  
     —  
     14,555 
  
    Net loss 
     —  
     —  
     —  
     —  
     (39,167) 
     (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 

The
accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

6

Velo3D,
Inc.

Notes
to Condensed Consolidated Interim Financial Statements

(Unaudited)

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