Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 222

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 222
---
 the life of the lease. Additionally, the Company exited from its two facilities at Campbell (Division) on December 31, 2023, which are no longer in use, however the lease agreement was not terminated. On November 20, 2024, the Company exited the Augsburg Technology Center lease for which no lease termination costs were incurred.

Total ROU assets and lease liabilities are as follows:

| Right-of-use assets:           |     | December       
 31,            
 2024           
 (In thousands) |        |     | 2023 |        |
|:-------------------------------|:----|:---------------|-------:|:----|:-----|-------:|
| Net                            
 book value (Other assets)      |     | $              |  8,774 |     | $    | 10,672 |
| Operating lease liabilities:   |     |                |        |     |      |        |
| Current (Accrued expense       
 and other current liabilities) |     | $              |  1,612 |     | $    |  2,153 |
| Noncurrent                     
 (Other noncurrent liabilities) |     |                |  8,361 |     |      |  9,973 |
|                                |     |                |  9,973 |     |      | 12,126 |
| Financing lease liabilities:   |     |                |        |     |      |        |
| Current (Accrued expense       
 and other current liabilities) |     | $              |    142 |     | $    |    113 |
| Noncurrent                     
 (Other noncurrent liabilities) |     |                |    114 |     |      |    203 |
|                                |     | $              |    256 |     | $    |    316 |
| Total lease liabilities        |     | $              | 10,229 |     | $    | 12,442 |

There were no impairments recorded related to these assets as of December 31, 2024 and 2023.

| F-28 |

<div align='center'>Confidential Treatment Requested by Velo3D, Inc.

Pursuant to 17 CFR 200.83

Velo3D, Inc.

Notes to Consolidated Financial Statements</div>

Information about lease-related balances were as follows:

|                                       |     | December                      
 31,                           
 2024                          
 (In thousands,                
 except years and