Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 297

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 297
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 dividend yield: The expected dividend rate is zero as the Company currently has no history or expectation of declaring dividends on its common stock.

Expected term: The expected term represents the period that the warrant is expected to be outstanding and is determined using the simplified method, which deems the term to be the average of the time to vesting and the contractual life of the warrant.

2024 Private Warrants, - Fair Value Assumptions

The fair value of the 2024 Private Warrant Liability was $0 and $2,007 as of June 30, 2025 and December 31, 2024, respectively, as the warrants expired on May 16, 2025. The fair value assumptions used in the Monte Carlo simulation model for the valuation of the 2024 Private Warrants liability was as follows:

|                         |     | As of         
 June 30, 2025 |    |   |     | As of             
 December 31, 2024 |       |   |
|:------------------------|:----|:--------------|:---|:--|:----|:------------------|------:|:--|
| Current stock price     |     | $             | —  |   |     | $                 | 10.20 |   |
| Expected volatility     |     |               | —  | % |     |                   | 191.6 | % |
| Risk-free interest rate |     |               | —  | % |     |                   |   4.2 | % |
| Dividend yield          |     |               | —  | % |     |                   |     — | % |
| Expected Term (years)   |     |               | 0— |   |     |                   |  0.37 |   |

Expected volatility: The expected volatility was derived from the implied volatility of the Company’s publicly traded common stock.

| F-71 |

Risk-free interest rate: The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for zero-coupon U.S. Treasury notes with maturities corresponding to the expected term of the common stock warrants.

Expected dividend yield: The expected dividend rate is zero as the Company currently has no history or expectation of declaring dividends on its common stock.

Expected term: The expected term represents the period that the warrant is expected to be outstanding and is determined using the simplified method, which deems the term to be the average of the time to vesting