Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 259

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 259
---
 range by the Company’s Board. On July18, 2025, the Board approved the reverse stock split at a ratio of 1-for-15(the “2025 Reverse Stock Split”). On July 25, 2025, the Company filed a Certificate of Amendment to the Company’s Certificate of Incorporation, as amended, with the Secretary of State of the State of Delaware to effect the 2025 Reverse Stock Split, effective as of July 28, 2025.

As a result of the 2025 Reverse Stock Split, every 15 shares of the Company’s common stock were automatically reclassified and converted into one issued and outstanding share of common stock. No fractional shares were issued in connection with the 2025Reverse Stock Split. Any fractional shares resulting from the 2025 Reverse Stock Split were rounded up to the nearest whole share. The par value of the Company’s common stock was not adjusted as a result of the 2025 Reverse Stock Split. All of the Company’s share numbers, per share amounts, and related stockholders’ equity (deficit) balances presented herein have been retroactively adjusted to reflect the 2025 Reverse Stock Split. In addition, the exercise prices, conversion rates and other terms of the Company’s securities that adjusted pursuant to their terms as a result of the 2025 Reverse Stock Split have been presented after giving effect to such adjustments.

| F-52 |

<div align='center'>Velo3D, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except share and per share data)</div>

| Assets                                                                                                                                                                                                                                 
 Current assets:                                                                                                                                                                                                                        |     | June 30, 
 2025     |          |   |     | December 31, 
 2024         |          |   |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:---------|---------:|:--|:----|:-------------|---------:|:--|
| Cash and cash equivalents                                                                                                                                                                                                              |     | $        |      854 |   |     | $            |    1,212 |   |
| Accounts receivable, net                                                                                                                                                                                                               |     |          |    5,394 |   |     |              |    3,723 |   |
| Inventories, net                                                                                                                                                                                                                       |     |          |   38,417 |   |     |              |   49,953 |   |
| Contract assets                                                                                                                                                                                                                        |     |          |    1,