Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 276

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 276
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   |     | $                     |    373 |   |     | $             |  2,236 |   |     | $                   |  110 |   |     | $                          | — |     | $                          | — |
| Fair value, Ending Balance       |     | $              |   24 |   |     | $       |   5 |   |     | $           |     69 |   |     | $        |   2,037 |   |     | $         |  100 |   |     | $                     |    373 |   |     | $             |  2,236 |   |     | $                   |  110 |   |     | $                          | — |     | $                          | — |

The fair value of the private placement warrant liabilities, the 2022 Private Warrant, the contingent earnout liabilities, the RDO Warrants, the Placement Agent Warrants, the 2024 Private Warrants, the BEPO Warrants, the BEPO Agent Warrants, the July 2024 Private Warrants and the August Inducement Warrants are based on significant unobservable inputs, which represent Level 3 measurements within the fair value hierarchy.

In determining the fair value of the Private Placement Warrant liabilities, contingent earnout liabilities, and 2024 Private Warrants, the Company used the Monte Carlo simulation model using a distribution of potential outcomes on a weekly basis over the applicable periods that assumes optimal exercise of the Company’s redemption option at the earliest possible date (see Note 10, Equity Instruments).

In determining the fair value of the 2022 Private Warrant, RDO Warrants, Placement Agent Warrants, BEPO Warrants, BEPO Agent Warrants, July 2024 Private Warrants and August Inducement Warrants the Company used the Black-Scholes option pricing model to estimate the fair value using unobservable inputs including the expected term, expected volatility, risk-free interest rate and dividend yield (see Note 10, Equity Instruments).

Note 5. Investments

Available-for-sale (“AFS”) Investments

There were noAFS investments as of June 30, 2025 and December 31, 2024.

There were nomaterial realized gains or losses on AFS investments during the three and six months ended June 30, 2025 and June 30, 2024.

| F-62 |

Note 6. Balance Sheet Components

Accounts Rece