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

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 25
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 improving our existing products and technology and qualifying new materials which our systems can support. We believe that we must continuously enhance and expand the functionality and features of our products and technologies in order to remain competitive. However, we may not be able to:

| ● | develop                                                                                          
 cost effective new products and technologies that address the increasingly complex needs         
 of prospective customers;                                                                        |
| ● | enhance                                                                                          
 our existing products and technologies;                                                          |
| ● | respond                                                                                          
 to technological advances and emerging industry standards and certifications on a cost-effective 
 and timely basis;                                                                                |
| ● | adequately                                                                                       
 protect our IP as we develop new products and technologies;                                      |
| ● | identify                                                                                         
 the appropriate technology or product to which to devote our resources; or                       |
| ● | ensure                                                                                           
 the availability of cash resources to fund research and development (“R&D”).                     |

Even if we successfully introduce new additive manufacturing products and technologies and enhance our existing products and technologies, it is possible that these will eventually supplant our existing products or that our competitors will develop new products and technologies that will replace our own. As a result, any of our products may be rendered obsolete or uneconomical by our or our competitors’ technological advances, leading to a loss in market share, decline in revenue and adverse effects to our business and prospects.

The additive manufacturing industry is competitive. We expect to face increasing competition in many aspects of our business, which could cause our operating results to suffer.

The additive manufacturing industry in which we operate is fragmented and competitive. We compete for customers with a wide variety of producers of additive manufacturing and/or 3D printing equipment that creates 3D objects and end-use parts, as well as with providers of materials and services for this equipment. Some of our existing and potential competitors are researching, designing, developing and marketing other types of products and services that may render our existing or future products obsolete, uneconomical or less competitive. Existing and potential competitors may also have substantially greater financial, technical, marketing and sales, manufacturing, distribution and other resources than we do, including name recognition, as well as experience and expertise in IP rights and operating within certain international markets, any of which may enable them to compete effectively against us. For example, a number of companies that have substantial resources have announced that they are beginning production of 3D printing systems, which will further enhance the competition we face. We may lose market share to, or fail to gain market share from, producers of products that can be substituted for our products, which