Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 63

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 63
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 or be sustained. The sale prices of our common stock on the OTCQX may not be indicative of the
prices of our common stock when traded on the Nasdaq Capital Market.

As of July 31, 2025, we had approximately 14,067,551 shares of common stock issued and outstanding held of record by approximately 188 holders of record. Because many of our shares of common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of beneficial owners of our common stock represented by these record holders.

Dividends

We have never declared or paid cash dividends on our common stock. We intend to retain all available funds and any future earnings for use in the operation of our business and do not anticipate paying any cash dividends on our capital stock in the foreseeable future. Notwithstanding the foregoing, any determination to pay cash dividends will be at the discretion of our board of directors and will depend upon a number of factors, including our results of operations, financial condition, future prospects, contractual restrictions, restrictions imposed by applicable law and other factors our board of directors deems relevant.

| 42 |

<div align='center'>CAPITALIZATION</div>

The following table sets forth our capitalization as of June 30, 2025 as follows:

| ● | on                   
 an actual basis; and |

| ● | on                                                                                    
 an as adjusted basis to give effect to the issuance and sale by us of  5,833,333      
 shares of common stock at a public offering price of $3.00 per share, after           
 deducting underwriting discounts, fees and estimated offering expenses payable by us. |

You should read this table together with “ Management’s Discussion and Analysis of Financial Condition and Results of Operations,” as well as our financial statements and related notes and the other financial information appearing elsewhere in this prospectus. The information presented in the capitalization table has been adjusted to reflect the effect of this current offering.

|                                                                                                                        |     | As of June 30, 2025 |          |   |     |             |          |   |
|:-----------------------------------------------------------------------------------------------------------------------|:----|:--------------------|---------:|:--|:----|:------------|---------:|:--|
| (in thousands, except share and per share amounts)                                                                     |     | Actual              |          |   |     | As adjusted |          |   |
| Cash and cash equivalents                                                                                              |     | $                   |      854 |