Company: VLDXW
Filing Date: 2025-07-25
Form Type: 8-K
Source: 0001641172-25-021026
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Company: Velo3D, Inc.
Filing Date: 2025-07-25
Form: 8-K
Item: Item 3.03
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Item
3.03 Material Modification of Rights of Security Holders.

As
previously disclosed, at the Annual Meeting of Stockholders held on June 27, 2025 (the “ Annual Meeting”), the stockholders
of Velo3D, Inc., a Delaware corporation (the “ Company”), approved an amendment to the Company’s Certificate of Incorporation,
as amended (the “ Charter”), to effect a reverse stock split of the issued and outstanding shares of the Company’s common
stock, par value $0.00001 per share, at a ratio ranging from 1-for-5 and 1-for-50, with the exact ratio to be set within that range by
the Company’s board of directors (the “ Board”). On July 18, 2025, the Board approved the reverse stock split at a ratio
of 1-for-15 (the “ Reverse Stock Split”). On July 25, 2025, the Company filed a Certificate of Amendment (the “ Certificate
of Amendment”) to the Charter with the Secretary of State of the State of Delaware to effect the Reverse Stock Split, effective
as of July 28, 2025.

As
a result of the Reverse Stock Split, every 15 shares of common stock will be automatically reclassified and converted into one issued
and outstanding share of common stock. No fractional shares will be issued in connection with the Reverse Stock Split. Any fractional
shares resulting from the Reverse Stock Split will be rounded up to the nearest whole share. In connection with the Reverse Stock Split,
the CUSIP number for the common stock will change to 92259N 302.

On
July 28, 2025, the Company’s common stock will begin trading on the OTCQX on a reverse stock split-adjusted basis under the trading
symbol “ VLDXD” for 20 business days following such date, after which the symbol will return to “ VLDX”.

As
a result of the Reverse Stock Split, the per share exercise prices of the Company’s outstanding options and warrants will increase
proportionately, and the number of shares of common stock issuable upon the exercise of the Company’s outstanding options and warrants,
or that relate to the Company’s restricted stock units and other equity awards, will decrease proportionately, in each case, based
on the Reverse Stock Split ratio.

The
Company has instructed Continental Stock Transfer and Trust Company (“ Continental”) to send a notice to the holders of the
Company’s outstanding: