Company: VLDXW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001641172-25-022448
Chunk: 91

Company: Velo3D, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 91
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 other restrictions on goods imported into the United States, and countermeasures
imposed by foreign countries in response to such government actions, if not significantly and promptly moderated or eliminated, may increase
the cost of goods for our products or reduce our ability to sell products, which may, in turn, adversely affect our operating results
and financial condition. The ultimate impact of these trade measures on our business operations and financial results is uncertain and
may be affected by various factors, including whether and when such trade measures are implemented, the timing of when such measures
may become effective, and the amount, scope, or nature of such trade measures, and our ability to execute strategies to mitigate the
negative impacts.

Political tensions as a result of trade
policies could reduce trade volume, investment, technological exchange, and other economic activities between major international economies,
resulting in a material adverse effect on global economic conditions and the stability of global financial markets, which could, in turn,
have a material adverse impact on our business and financial condition.

48

Risks
Related to Compliance Matters

We
are subject to U.S. and other anti-corruption laws, trade controls, economic sanctions and similar laws and regulations. Our failure
to comply with these laws and regulations could subject us to civil, criminal and administrative penalties and harm our reputation.

Doing
business on a worldwide basis requires us to comply with the laws and regulations of the U.S. government and various foreign jurisdictions.
These laws and regulations place restrictions on our operations, trade practices, partners and investments.

In
particular, our operations are subject to U.S. and foreign anti-corruption and trade control laws and regulations, such as the
Foreign Corrupt Practices Act (“FCPA”) and the Bribery Act, export controls and economic sanctions programs, including
those administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”), the State
Department’s Directorate of Defense Trade Controls (“DDTC”) and the Bureau of Industry and Security
(“BIS”) of the Department of Commerce. As a result of doing business in foreign countries and with foreign customers, we
are exposed to a heightened risk of violating anti-corruption and trade control laws and sanctions regulations. In February 2025,
President Donald J.  Trump issued an executive order directing the U.S. Department of Justice to pause enforcement of the FCPA
and to issue new enforcement guidelines that take into consideration U.S. national security and the competitiveness of U.S.
companies abroad.