Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 30

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 30
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 maintain effective controls over the appropriate classification and presentation   
 of accounts and disclosures in the consolidated financial statements.                             |

| 19 |

<div align='center'>Confidential Treatment Requested by Velo3D, Inc.

Pursuant to 17 CFR 200.83</div>

These material weaknesses resulted in adjustments to accounts receivable, inventory, other current assets, current and non-current contract liabilities, accrued expenses and other current liabilities which were recorded prior to the issuance of the consolidated financial statements as of and for the years ended December 31, 2019, 2020 and 2021 and as of and for the interim periods ended September 30, 2021 and December 31, 2021. These material weaknesses also resulted in the revision of our consolidated financial statements for the year ended December 31, 2022 and as of and for the interim periods ended March 31, 2022, June 30, 2022, September 30, 2022, March 31, 2023, June 30, 2023, and September 30, 2023. Also, these material weaknesses resulted in adjustments to debt – current portion and long-term debt, other income, additional paid in capital, gain on fair value of warrants, interest expense, revenue and contract assets, and loss on debt extinguishment which were recorded prior to the issuance of the consolidated financial statements as of and for the year ended December 31, 2023. Additionally, these material weaknesses could result in a misstatement of substantially all of our accounts or disclosures that would result in a material misstatement to the annual or interim consolidated financial statements that would not be prevented or detected.

| ● | We                                                                                                
 did not design and maintain effective controls over certain information technology (“IT”)         
 general controls for information systems that are relevant to the preparation of our consolidated 
 financial statements. Specifically, we did not design and maintain effective:                     |

| ○ | user                                                                                            
 access controls to ensure appropriate segregation of duties and that adequately restrict        
 user and privileged access to financial applications, programs, and data to appropriate company 
 personnel; and                                                                                  |
| ○ | program                                                                                         
 change management controls to ensure that information technology program and data changes       
 affecting certain financial IT applications and underlying accounting records are identified,   
 tested, authorized and implemented appropriately.                                               |

These IT deficiencies did not result in a misstatement to the consolidated financial statements, however, the deficiencies, when aggregated, could impact maintaining effective segregation of duties,