Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 165

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 165
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 stock entitled to vote on such amendment or repeal, voting as a single class, provided that if 66-2/3% of the entire Board recommends that stockholders approve such amendment or repeal at such meeting of stockholders, then such amendment or repeal shall only require the affirmative vote of the majority of the outstanding shares of capital stock entitled to vote on such amendment or repeal, voting as a single class.

Delaware Anti-Takeover Statute

Section 203 of the DGCL provides that if a person acquires 15% or more of the voting stock of a Delaware corporation, such person becomes an “interested stockholder” and may not engage in certain “Business Combinations” with the corporation for a period of three years from the time such person acquired 15% or more of the corporation’s voting stock, unless:

| ● | the                                                                                             
 board of directors approves the acquisition of stock or the merger transaction before the       
 time that the person becomes an interested stockholder;                                         |
| ● | the                                                                                             
 interested stockholder owns at least 85% of the outstanding voting stock of the corporation     
 at the time the merger transaction commences (excluding voting stock owned by directors who     
 are also officers and certain employee stock plans); or                                         |
| ● | the                                                                                             
 merger transaction is approved by the board of directors and at a meeting of stockholders,      
 not by written consent, by the affirmative vote of 2/3 of the outstanding voting stock which    
 is not owned by the interested stockholder. A Delaware corporation may elect in its certificate 
 of incorporation or bylaws not to be governed by this particular Delaware law.                  |

Generally, a “Business Combination” includes a merger, asset or stock sale or other transaction resulting in a financial benefit to the interested stockholder. Subject to certain exceptions, an “interested stockholder” is a person who, together with that person’s affiliates and associates, owns, or within the previous three years owned, 15% or more of our voting stock. This provision may encourage companies interested in acquiring our company to negotiate in advance with the Board because the stockholder approval requirement would be avoided if the Board approves either the Business Combination or the transaction which results in the stockholder becoming an interested stockholder. These provisions also may have the effect of preventing changes in our board of directors and may make it more difficult to accomplish transactions which stockholders may otherwise deem to be in their best interests.

Limitations on Liability and Indemnification of Officers and Directors

The Certificate of Incorpor