Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 70

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 70
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the “Amendment”) to our Certificate of Incorporation with the Secretary of State of the State of Delaware, without any change to par value or the number of authorized shares of common stock. The Amendment became effective upon such filing. No fractional shares were issued in connection with the reverse stock split as all fractional shares were rounded up to the next whole share. All share and per share amounts of our common stock listed in this prospectus have been adjusted, as applicable, to give effect to the reverse stock split.

See Note 2, Summary of Significant Accounting Policies, for additional information on the 2025 reverse stock split in the notes to our unaudited condensed consolidated interim
financial statements included elsewhere in this prospectus.

Notwithstanding the recent debt and equity
transactions, as described in “—Liquidity and Capital Resources” and in Note 1 Description of Business and Basis of Presentation—Going Concern, Financial Condition and Liquidity and Capital Resources in the notes to the unaudited
condensed consolidated interim financial statements included elsewhere in this prospectus, management believes that substantial doubt
exists about the Company’s ability to continue as a going concern. We do not have sufficient liquidity to meet our operating needs
and satisfy our debt obligations for at least the next 12 months. The Company will need to engage in additional financings to fund our
operations, continue to fund payroll for employees, and satisfy our obligations in the near term. Without such additional funding, we
will not be able to continue operations and may be required to sell assets, liquidate and/or file for bankruptcy.

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Amendment to Company’s Certificate of Incorporation allowing stockholders to act by written consent

On June 27, 2025, the stockholders of the Company, approved an amendment (the “Written Consent Amendment”) to the Company’s Certificate of Incorporation, as amended (the “Certificate of Incorporation’), to remove Section 1 of Article VIII
of the Certificate of Incorporation, which prohibited stockholder action by written consent without a stockholder meeting. On July 1,
2025, the Written Consent Amendment was filed with the Secretary of State of the State of Delaware. As a result of the Written Consent
Amendment, stockholders will be permitted to act in the future by written consent to the extent permitted under the General Corporation
Law of the State of Delaware.

Key Financial and Operational Metrics

We believe that our performance and future
success depend on many factors that present significant opportunities for us but also pose risks