Company: VLDXW
Filing Date: 2025-08-20
Form Type: 8-K
Source: 0001641172-25-024975
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Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry into a Material Definitive Agreement.

On
August 19, 2025, Velo3D, Inc. (the “ Company”) entered into an underwriting agreement (the “ Underwriting Agreement”)
with Lake Street Capital Markets, LLC, as representative of the several underwriters named therein (the “ Representative”),
relating to the public offering of 5,833,333 shares (the “ Shares”) of the Company’s common stock, par value $0.00001
per share, at a purchase price per share of $3.00 (the “ Offering Price”). Pursuant to the Underwriting Agreement, the Company
also granted the Representative a 30-day option to purchase up to an additional 875,000 shares of common stock at the Offering
Price, less any underwriting discounts and commissions.

The
offering closed on August 20, 2025. Net proceeds
from the offering were approximately $15.5 million (and will be approximately $17.9 million if the Representative exercises its
option to purchase additional shares of common stock in full) after deducting the underwriting discounts and commissions and other
estimated offering expenses payable by the Company. The Company intends to use the net proceeds of this offering for working capital,
capital expenditures and general corporate purposes.

The
Shares were offered and sold pursuant to a Registration Statement on Form S-1, as amended (File No. 333-289337), which was declared effective
by the U. S. Securities and Exchange Commission (the “ SEC”) on August 18, 2025, and a Rule 462(b) Registration Statement on
Form S-1MEF (File No. 333-289706) filed on August 19, 2025 (collectively, the “ Registration Statement”). A final prospectus
relating to the offering was filed pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the “ Securities Act”),
with the SEC on August 20, 2025. The offering was made only by means of a prospectus forming part of the Registration Statement.

The
Underwriting Agreement contains customary representations, warranties and agreements by the Company, customary conditions to closing,
indemnification obligations of the Company and the underwriters, including for liabilities under the Securities Act, other obligations
of the parties and termination provisions. A copy of the Underwriting Agreement is attached as Exhibit 1.1 to this Current