Company: VLDXW
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0000950170-25-005443
Chunk: 94

Company: Velo3D, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 8
Chunk 94
---
        934

        $
        99

        $
        14,414

        $
        17,538

        $
        —

        $
        —

        $
        —

        $
        —

        $
        —

       The fair value of the private placement warrant liabilities, the 2022 Private Warrant, the contingent earnout liabilities, the RDO Warrants, the Placement Agent Warrants, the 2024 Private Warrants, the BEPO Warrants, the BEPO Agent Warrants, the July 2024 Private Warrants and the August Inducement Warrants are based on significant unobservable inputs, which represent Level 3 measurements within the fair value hierarchy.

13

In determining the fair value of the Private Placement Warrant liabilities, contingent earnout liabilities, and 2024 Private Warrants, the Company used the Monte Carlo simulation model using a distribution of potential outcomes on a weekly basis over the applicable periods that assumes optimal exercise of the Company’s redemption option at the earliest possible date (see Note 10, Equity Instruments).In determining the fair value of the 2022 Private Warrant, RDO Warrants, Placement Agent Warrants, BEPO Warrants, BEPO Agent Warrants, July 2024 Private Warrants and August Inducement Warrants the Company used the Black-Scholes option pricing model to estimate the fair value using unobservable inputs including the expected term, expected volatility, risk-free interest rate and dividend yield (see Note 10, Equity Instruments).

Note 5. InvestmentsAvailable-for-sale InvestmentsThere were no available-for-sale (“AFS”) investments as of September 30, 2024. Investments sold during the quarter ending September 30, 2024, had a realized loss of less than $0.1 million. The following table summarizes the Company’s AFS investments as of December 30, 2023. These are classified as “Short-term investments” on the condensed consolidated balance sheets.  

        December 31, 2023

        Amortized Cost

        GrossUnrealizedGain

        GrossUnrealizedLoss

        Fair Value

        (In thousands)

        Corporate bonds
         
        $
        6,717

        $
        —

        $
        (96
        )
         
        $
        6,621

        Total available-for-sale investments
         
        $
        6,717

        $
        —

        $
        (96
        )
         
        $