Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 70

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 70
---
 per share. This represents an immediate increase in net tangible book value to existing shareholders of $ per share and an immediate dilution in net tangible book value of $ per share of our common stock to the investors purchasing securities in this offering.

The following table illustrates this per share dilution to the new investors purchasing shares of common stock in this offering:

| Combined                                                                                   
 public offering price per share of common stock                                            |     |   |      |     | $ |
| Historical                                                                                 
 net tangible book value (deficit) per share as of March 31, 2025                           |     | $ | 0.16 |     |   |
| Increase                                                                                   
 in net tangible book value per share attributable to investors purchasing in this offering |     | $ |      |     |   |
| As                                                                                         
 adjusted net tangible book value per share as of March 31, 2025 after this offering        |     |   |      |     | $ |
| Dilution                                                                                   
 per share to investors purchasing in this offering                                         |     |   |      |     | $ |

Each
$1.00 increase or decrease in the assumed public offering price of $ per share, the last
reported sale price of our common stock on the OTCQX on , 2025, would increase or decrease
our as adjusted net tangible book value per share after this offering by $ per share.
For each $1.00 increase in the assumed public offering price, the dilution per share to new investors participating in this offering
would be $ per share, assuming that the number of shares of common stock offered by us, as set
forth on the cover page of this prospectus, remains the same, and after deducting estimated underwriting discounts and commissions and
estimated offering expenses payable by us. For each $1.00 decrease in the assumed public offering price, the dilution per share to new
investors participating in this offering would be $ assuming the same. Similarly, an increase
of 1.0 million shares of common stock offered by us would decrease the as adjusted net tangible book value after this offering by
$ per share and increase the dilution per share to new investors participating in this
offering by $ per share, and a decrease of 1.0 million shares of common stock offered by
us would increase the as adjusted net tangible book value by $ per share and decrease the dilution
per share to new investors in this offering by $ per share, assuming that the assumed public offering