Company: VLDXW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001641172-25-022448
Chunk: 11

Company: Velo3D, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 and other terms of the Company’s securities that adjusted pursuant
to their terms as a result of the 2024 Reverse Stock Split have been presented after giving effect to such adjustments.

    7

On
June 27, 2025, the stockholders of the Company, approved an amendment to the Company’s Certificate of Incorporation, as amended,
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. On July
18, 2025, the Board approved the reverse stock split at a ratio of 1-for-15 (the “2025 Reverse Stock Split”). On July 25,
2025, the Company filed a Certificate of Amendment to the Company’s Certificate of Incorporation, as amended, with the Secretary of State
of the State of Delaware to effect the 2025 Reverse Stock Split, effective as of July 28, 2025.

As
a result of the 2025 Reverse Stock Split, every 15 shares of the Company’s common stock were automatically reclassified and converted
into one issued and outstanding share of common stock. No fractional shares were issued in connection with the 2025 Reverse Stock Split.
Any fractional shares resulting from the 2025 Reverse Stock Split were rounded up to the nearest whole share. The par value of the Company’s
common stock was not adjusted as a result of the 2025 Reverse Stock Split nor did it change the total number of the Company’s authorized
shares of common stock. All of the Company’s share numbers, per share amounts, and related stockholders’ equity (deficit)
balances presented herein have been retroactively adjusted to reflect the 2025 Reverse Stock Split. In addition, the exercise prices,
conversion rates and other terms of the Company’s securities that adjusted pursuant to their terms as a result of the 2025 Reverse
Stock Split have been presented after giving effect to such adjustments.

Delisting
from the New York Stock Exchange (“NYSE”) and Trading on Over-the Counter (“OTC”)

On
September 10, 2024, the Company received written notice from the NYSE that the NYSE had determined to commence proceedings to delist the
Company’s common stock and publicly traded warrants and that trading in such securities would be suspended immediately. On September
11,