Company: VLDXW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001641172-25-022448
Chunk: 38

Company: Velo3D, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 Warrants, July 2024 Private Warrants and August Inducement Warrants were subject to remeasurement
at each balance sheet date using the Level 3 fair value inputs and the Public Warrants were subject to remeasurement at each balance
sheet date using Level 1 fair value inputs for the three and six months ended June 30, 2025 and June 30, 2024. See Note 4, Fair Value
Measurements, in this Report for liability classified warrants recorded at fair value.

Each
Private Placement Warrant is exercisable to purchase one share of common stock at a price of $6,037.50 per share. Subject to certain
exceptions, the Private Placement Warrants have terms and provisions that are identical to those of the Public Warrants. The 2022 Private
Warrant is exercisable to purchase one share of common stock at a price of $1,344.00 per share and allows cashless exercise in whole
or part. The Public Warrants may only be exercised for a whole number of shares. The Public Warrants became exercisable on December 7,
2021. The RDO Warrants are exercisable to purchase one share of common stock at a price of $299.25 per warrant share. The Placement Agent
Warrants are exercisable to purchase one share of common stock at a price of $326.25 per warrant share . The RDO Warrants and 2023 Placement
Agent Warrants are exercisable until December 29, 2028 and allows cashless exercise in whole or part.

Private
Placement Warrants – Fair Value Assumptions

The
fair value of the private placement common stock warrant liability was $0 as of June 30, 2025 and December 31, 2024, as the publicly
traded price was $0.00 as of June 30, 2025 and December 31, 2024. The assumptions used in the Monte Carlo simulation model for the recurring
valuation of the private placement common stock warrant liability were as follows:

 Schedule
of Fair Value Assumptions

    As of 
June 30, 2025  
    As of 
December 31, 2024 
  
    Current stock price 
    $—  
    $— 
  
    Expected volatility 
     —% 
     —%
  
    Risk-free interest rate 
     —% 
     —%
  
    Dividend rate