Company: VLDXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047760
Chunk: 262

Company: Velo3D, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 262
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143.

 113

Velo3D, Inc.Notes to Consolidated Financial Statements 

2022 Private Warrant - Common StockIn conjunction with the joinder and fourth loan modification agreement on July 25, 2022, the Company issued to Silicon Valley Bank, warrants to purchase up to 2,000 shares of the Company’s common stock at an exercise price of $89.60 per warrant share . The 2022 Private Warrant is exercisable until July 24, 2034 and allows cashless exercise in whole or part. RDO Warrants - Common StockIn conjunction with the capital raise on December 29, 2023, the Company issued to multiple institutional investors, warrants to purchase up to 1,028,572 shares of the Company’s common stock at an exercise price of $19.95 per warrant share . The RDO Warrants are exercisable until December 29, 2028 and allows cashless exercise in whole or part. Placement Agent Warrants - Common StockIn conjunction with the capital raise on December 29, 2023, the Company issued to the placement agent, warrants to purchase up to 51,429 shares of the Company’s common stock at an exercise price of $21.70 per warrant share . The Placement Agent Warrants are exercisable until December 29, 2028 and allows cashless exercise in whole or part. Public Warrants - Common StockIn conjunction with the JAWS Spitfire IPO, 985,714 units were issued to public investors at $10.00 per unit. Each unit consisted of one JAWS Spitfire Class A ordinary share and one-fourth of one warrant . Each Public Warrant is exercisable to purchase shares of common stock at $402.50 per share. As of December 31, 2024, the number of Public Warrants issued was 246,429.The Public Warrants may only be exercised for a whole number of shares. The Public Warrants became exercisable on December 7, 2021. The Public Warrants will expire 5 years after the completion of the Merger or earlier upon redemption or liquidation.Common Stock Warrant LiabilitiesThe liability for warrants on common stock carried at fair value was as follows: 

        December 31,

        2024

        2023

        (In thousands)

        Beginning Balance
         
        $
        11,835

        $
        2,745

        Issuance of common stock warrant in connection