Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 243

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 243
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th of one warrant. Each Public Warrant is exercisable to purchase shares of common stock at $ 6,037.50per share. As of December 31, 2024, the number of Public Warrants issued was 16,429.

The Public Warrants may only be exercised for a whole number of shares. The Public Warrants became exercisable on December 7, 2021. The Public Warrants will expire 5years after the completion of the Merger or earlier upon redemption or liquidation.

Common Stock Warrant Liabilities

The liability for warrants on common stock carried at fair value was as follows:

Schedule Of Warrants And Rights Roll Forward

|                                                      |     | 2024       
 December   
 31,        
 2024       
 (In        
 thousands) |         |   |     | 2023 
 2023 |        |   |
|:-----------------------------------------------------|:----|:-----------|--------:|:--|:----|:-----|-------:|:--|
| Beginning                                            
 Balance                                              |     | $          |  11,835 |   |     | $    |  2,745 |   |
| Issuance                                             
 of common stock warrant in connection with financing |     |            |  22,425 |   |     |      | 11,428 |   |
| Loss                                                 
 on fair value of warrants                            |     |            | (32,093 | ) |     |      | (2,338 | ) |
| Ending                                               
 Balance                                              |     | $          |   2,167 |   |     | $    | 11,835 |   |

The liabilities associated with the Private Placement Warrants, 2022 Private Warrant, RDO Warrants, and Placement Agent Warrants were subject to remeasurement at each balance sheet date using the Level 3 fair value inputs and the Public Warrants were subject to remeasurement at each balance sheet date using the latest trading price of the warrants for the years ended December 31, 2024 and 2023.

| F-38 |

Velo3D, Inc.

Notes to Consolidated Financial Statements

Private Placement Warrant - Fair Value Assumption

The fair value of the private placement common stock warrant liability was $ 0as of December 31, 2024 as the publicly traded price was $ 0.00as of December 31, 2024. The assumptions used in the Monte Carlo