Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 106

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 106
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 Secured Notes, net of issuance costs, proceeds of $22.8 million from
the issuance of common stock, net of issuance costs, pursuant to the ATM Offering, proceeds from the Registered Direct Offering, net
of issuance costs of $16.3 million, proceeds of $14.0 million drawn from the prior revolver facility under the Loan Agreement, proceeds
of $1.6 million drawn from the prior secured equipment loan facility under our third amended and restated loan and security agreement,
as amended, originally entered into with Silicon Valley Bank, and proceeds of $0.6 million from the issuance of common stock upon exercise
of stock options, partially offset by $69.9 million in repayment of the Secured Convertible Notes, $25.0 million in repayment of the
Secured Notes, $17.0 million in repayment of the revolver facility, and $7.0 million in repayment of equipment loans.

We expect cash provided by financing activities
to increase by issuing new equity or incurring new debt to continue operations, subject to our compliance with the covenants in the Secured
Notes. Our future cash requirements and the adequacy of available funds will depend on many factors, including our operating performance,
competitive and industry developments, and financial market conditions.

| 66 |

Contractual Obligations

The table below summarizes our contractual
obligations as of June 30, 2025:

|                                    |     | Payments Due by 
 Period          
 Less than       
 1               
 year            
 (In thousands)  |        |     | 1 – 3 
 years |        |     | 3 – 5 
 years |       |     | Total |        |
|:-----------------------------------|:----|:----------------|-------:|:----|:------|-------:|:----|:------|------:|:----|:------|-------:|
| Operating leases                   |     | $               |  1,200 |     | $     |  7,320 |     | $     | 8,780 |     | $     | 17,300 |
| Debt principal, interest and fees  |     |                 | 16,913 |     |       |  5,562 |     |       |     — |     |       | 22,475 |
| Purchase commitments               |     |                 |  4,400 |     |       |      — |     |       |     —