Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 285

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 285
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----|:-----|----:|:--|:----|:---------------------------------------------|------:|:--|:----|:-----|------:|:--|
| Operating lease expense                                            |     | $                                            | 578 |   |     | $    | 746 |   |     | $                                            | 1,156 |   |     | $    | 1,492 |   |
| Financing lease expense                                            |     |                                              |  40 |   |     |      |  43 |   |     |                                              |    80 |   |     |      |    92 |   |
| Short-term lease expense                                           |     |                                              |  45 |   |     |      |  40 |   |     |                                              |    86 |   |     |      |   108 |   |
| Total lease expense                                                |     | $                                            | 663 |   |     | $    | 829 |   |     | $                                            | 1,322 |   |     | $    | 1,692 |   |
| Cash paid for leases                                               |     | $                                            | 595 |   |     | $    | 752 |   |     | $                                            | 1,190 |   |     | $    | 1,498 |   |
| Weighted – average remaining lease term – operating leases (years) |     |                                              | 6.8 |   |     |      | 7.5 |   |     |                                              |   6.8 |   |     |      |   7.5 |   |
| Weighted – average discount rate – operating leases                |     |                                              | 9.0 | % |     |      | 8.9 | % |     |                                              |   9.0 | % |     |      |   8.9 | % |

| F-65 |

Maturity of operating lease liabilities as of June 30, 2025 are as follows:

Schedule of Maturity of Operating Lease Liabilities

| Year Ending December 31,                   
 Remainder of 2025                          |     | (In thousands) |  1,200 |   |
|:-------------------------------------------|:----|:---------------|-------:|:--|
| 2026                                       |     |                |  2,430 |   |
| Year I                                     |     |                |  2,