Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 183

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 183
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 securities markets at the time of the offering and such other factors as were deemed relevant.

Electronic Distribution

This prospectus may be made available in electronic format on websites or through other online services maintained by the underwriters or by their affiliates. In those cases, prospective investors may view offering terms online and prospective investors may be allowed to place orders online. Other than this prospectus in electronic format, the information on the underwriters’ websites or our website and any information contained in any other websites maintained by the underwriters or by us (which is not part of this prospectus or the registration statement of which this prospectus forms a part) has not been approved and/or endorsed by us or the underwriter in its capacity as underwriter, and should not be relied upon by investors.

Price Stabilization, Short Positions and Penalty Bids

In connection with the offering, the underwriters may engage in stabilizing transactions, over-allotment transactions, syndicate covering transactions and penalty bids in accordance with Regulation M under the Exchange Act:

| ● | Stabilizing                                                                                         
 transactions permit bids to purchase the underlying security so long as the stabilizing bids        
 do not exceed a specified maximum.                                                                  |
| ● | Over-allotment                                                                                      
 involves sales by the underwriters of shares in excess of the number of shares the underwriters     
 are obligated to purchase, which creates a syndicate short position. The short position may         
 be either a covered short position or a naked short position. In a covered short position,          
 the number of shares over-allotted by the underwriters is not greater than the number of            
 shares that they may purchase in the over-allotment option. In a naked short position, the          
 number of shares involved is greater than the number of shares in the over-allotment option.        
 The underwriters may close out any covered short position by either exercising their over-allotment 
 option and/or purchasing shares in the open market.                                                 |

| 114 |

| ● | Syndicate                                                                                        
 covering transactions involve purchases of the common stock in the open market after the         
 distribution has been completed in order to cover syndicate short positions. In determining      
 the source of shares to close out the short position, the underwriters will consider, among      
 other things, the price of shares available for purchase in the open market as compared to       
 the price at which they may purchase shares through the over-allotment option. A naked short     
 position occurs if the underwriters sell more shares than could be covered by the over-all