Company: VLDXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047760
Chunk: 82

Company: Velo3D, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 82
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 Warrant holders would be entitled to cash, while only certain of the holders of the common stock may be entitled to cash. These provisions preclude us from classifying the Public Warrants and Private Placement Warrants in stockholders’ equity. The 2022 Private Warrant, the RDO Warrants, Placement Agent Warrants, BEPO Warrants, BEPO Agent Warrants, July 2024 Private Warrants and August Inducement Warrants also contain similar provisions on the treatment in the event of a qualifying cash tender offer that preclude us from classifying the 2022 Private Warrants, the RDO Warrants, Placement Agent Warrants, BEPO Warrants, BEPO Agent Warrants, July 2024 Private Warrants and August Inducement Warrants in stockholders' equity.

 112

Velo3D, Inc.Notes to Consolidated Financial Statements 

Warrants to purchase an equal number of shares of common stock of 5,504,118 and 1,455,574 were exercisable as of December 31, 2024  and December 31, 2023, respectively. The Private Placement Warrants, the Public Warrants, the 2022 Private Warrant, the RDO Warrants, the Placement Agent Warrants, 2024 Private Warrants, BEPO Warrants, BEPO Agent Warrants, July 2024 Private Warrants and August Inducement Warrants  to purchase shares of common stock are liability classified and recorded at fair value on the issue date with periodic remeasurement. Warrants for shares of common stock consisted of the following: 

        December 31, 2024

        Issue Date
         
        ExpirationDate
         
        Number ofWarrants

        ExercisePrice perwarrant

        FairValue onIssueDate perwarrant

        FairValue onDecember31, 2024

        Private Placement Warrants - Common Stock
         
        12/02/2020
         
        09/29/2026

        127,143

        $
        402.50

        $
        70.00

        $
        —

        Public Warrants - Common Stock
         
        12/02/2020
         
        09/29/2026

        246,429

        $
        402.50

        $
        115.50

        $
        —

        2022 Private Warrant -