Company: VLDXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047760
Chunk: 245

Company: Velo3D, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 245
---
        $
        —

        $
        —

        $
        —

        $
        —

        Issuance of instruments

        —

        —

        —

        13,890

        10,891

        536

        —

        —

        —

        —

        —

        Change in fair value

        (761
        )

        (86
        )

        (15,958
        )

        (8,485
        )

        —

        —

        —

        —

        —

        —

        —

        Extinguishment of debt derivatives in connection with debt extinguishment

        —

        —

        —

        (5,405
        )

        —

        —

        —

        —

        —

        —

        —

        Fair value as of December 31, 2023
         
        $
        127

        $
        23

        $
        1,456

        $
        —

        $
        10,891

        $
        536

        $
        —

        $
        —

        $
        —

        $
        —

        $
        —

       The fair value of the Private placement warrant liability, the 2022 Private Warrant liability, the Contingent earnout liability, the Debt derivative liability, the RDO Warrant liability, the Placement Agent Warrant liability, the 2024 Private Warrant liability, the BEPO warrant liability, the BEPO Agent Warrant liability, the July 2024 Private Warrant liability, and the August Inducement Warrant liability 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 liability, Contingent earnout liability, Debt derivative liability and the 2024 Private Warrant liability, 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 liability, RDO Warrant liability, Placement Agent Warrant liability, BEPO Warrant liability, BEPO Agent Warrant liability, July 2024 Private Warrant liability and August Inducement Warrant liability 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. InvestmentsAvailable