Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 284

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 284
---
 2024     |       |   |
|:------------------------------------------|:----|:---------------|------:|:--|:----|:---------|------:|:--|
| Equipment on                              
 Lease                                     |     | $              |     - |   |     | $        |     — |   |
| Equipment                                 
 Available for Lease                       |     |                | 3,566 |   |     |          | 4,622 |   |
| Total                                     
 Equipment Subject to Operating Lease      |     | $              | 3,566 |   |     | $        | 4,622 |   |
| Accumulated                               
 Depreciation                              |     |                |  (546 | ) |     |          |  (949 | ) |
| Total                                     
 Equipment Subject to Operating Lease, Net |     | $              | 3,020 |   |     | $        | 3,673 |   |

The total depreciation expense was $0 and $0.2 million included in cost of revenue for the three months ended June 30, 2025 and 2024, respectively. The total depreciation expense was $0 and $0.5 million included in cost of revenue for the six months ended June 30, 2025 and 2024, respectively.

Lease payments from customers consisted of the following:

Schedule of Lease Payments from Customers

|                             |     | 2025                        
 Three Months Ended June 30, 
 2025                        
 (In thousands)              |    |     | 2024 
 2024 |     |     | 2025                      
 Six Months Ended June 30, 
 2025                      |    |     | 2024 
 2024 |     |
|:----------------------------|:----|:----------------------------|---:|:----|:-----|----:|:----|:--------------------------|---:|:----|:-----|----:|
| Equipment on lease payments |     | $                           | 70 |     | $    | 292 |     | $                         | 70 |     | $    | 762 |

| F-64 |

Note 8. Leases

The Company leases its office and manufacturing facilities under four non-cancellable operating leases, including options to extend, which expire between 2025 to 2032. The agreements include a provision for renewal at the then prevailing market rate for terms specified in each lease.

Total right-of-use (“ROU”)