Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 105

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 105
---
 sale securities, and reimbursement of previously incurred leasehold expenditures
of $1.1 million.

Net cash provided by investing activities
during the year ended December 31, 2023 was $38.9 million, consisting of $35.1 million of proceeds from maturity of available for sale
investments and $10.7 million in sales of available for sale securities, offset by property and equipment purchases of $1.0 million,
purchases of available-for-sale investments of $3.7 million consisting primarily of high quality investment-grade securities, and production
of equipment for lease to customers of $2.2 million.

We expect our capital expenditures to increase
in 2025 compared to 2024 as we ramp up operations to meet our customers’ production level parts demand while being offset by our
intent to limit the number of 3D Printer systems as equipment for lease to customers.

Financing Activities

Net cash provided by financing activities
during the year ended December 31, 2024 was $1.5 million, consisting of proceeds of $10.7 million from capital raise, net of issuance
costs, $1.7 million proceeds from the August Warrant Inducement (as defined below) capital raise, $0.5 million of proceeds from secured
notes, net of issuance costs, and $0.3 million of proceeds from issuance of common stock upon exercise of stock options, partially offset
by $11.7 million from the repayment of Secured Notes.

Net cash provided by financing activities
during the year ended December 31, 2023 was $59.3 million, consisting of proceeds of $65.7 million from the issuance of the Secured Convertible
Notes, net of issuance costs, proceeds of $57.1 million from the Secured Notes, net of issuance costs, proceeds of $22.8 million from
the issuance of common stock, net of issuance costs, pursuant to the ATM Offering, proceeds from the Registered Direct Offering, net
of issuance costs of $16.3 million, proceeds of $14.0 million drawn from the prior revolver facility under the Loan Agreement, proceeds
of $1.6 million drawn from the prior secured equipment loan facility under our third amended and restated loan and security agreement,
as amended, originally entered into with Silicon Valley Bank, and proceeds of $0.6 million from the issuance of common stock upon exercise
of stock options, partially offset by $69.9 million in repayment of the Secured