Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 63

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 63
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 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  2,777,777               
 shares of common stock at an assumed public offering price of $5.40 per share, which           
 is equal to the last reported sale price of our common stock on the OTCQX on August 5,         
 2025, and 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 |   |     | $        |   15,854 |   |
| Stockholders’                                                                                                                 
 equity