Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 177

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 177
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Except as described above regarding redemption procedures and cashless exercise in respect of the public warrants, if holders of the private placement warrants elect to exercise them on a cashless basis, they would pay the exercise price by surrendering his, her or its warrants for that number of shares of common stock equal to the quotient obtained by dividing (x) the product of the number of shares of common stock underlying the warrants, multiplied by the excess of the “historical fair market value” (defined below) over the exercise price of the warrants by (y) the historical fair market value. The “historical fair market value” will mean the average reported closing price of the shares of common stock for the 10 trading days ending on the third trading day prior to the date on which the notice of warrant exercise is sent to the holders of warrants.

Transfer Agent and Warrant Agent

The transfer agent for our common stock and warrant agent for the public warrants and private placement warrants is Continental Stock Transfer & Trust Company.

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<div align='center'>UNDERWRITING</div>

We intend to enter into an underwriting agreement with Lake Street Capital Markets, LLC acting as the representative of the several underwriters (the “Representative”) listed in the table below. We refer to the several underwriters listed in the table below as the “underwriters.” Subject to the terms and conditions of the underwriting agreement, we will agree to sell to the underwriters, and the underwriters will agree to purchase from us, shares of our common stock. Our common stock is currently quoted on the OTCQX under the symbol “VLDX”. In connection with this offering, we have applied to list our common stock on the Nasdaq Capital Market under the symbol “VELO”.

Pursuant to the terms and subject to the conditions contained in the underwriting agreement, we will agree to sell to the underwriters named below, and each underwriter severally will agree to purchase from us, the respective number of shares of common stock set forth opposite its name below:

| Underwriter                 |     | Number    
 of Shares |
| Lake                        
 Street Capital Markets, LLC |     |           |
| Total                       |     |           |

The underwriting agreement will provide that the obligation of the underwriters to purchase the shares of common stock offered by this prospectus is subject to certain conditions. The underwriters will be obligated to purchase all of the shares of common stock offered hereby if any of the shares are purchased.

We will grant the Representative an option