Company: VLDXW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001641172-25-022448
Chunk: 90

Company: Velo3D, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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 technologies. Accordingly, subject to our compliance with the covenants in the
Secured Notes, we need to engage in equity or debt financings to secure additional funds, including seeking additional capital from public
or private offerings of our equity or debt securities, electing to repay, restructure or refinance our existing indebtedness, or electing
to borrow additional amounts under new credit lines or from other sources. However, our recent and projected financial results, and the
related conditions that raise substantial doubt about our ability to continue as a going concern, and general concerns among potential
investors and creditors about our financial well-being may make taking such actions on commercially reasonable terms especially difficult.

If
we raise additional funds through future issuances of equity or convertible debt securities, our existing stockholders could suffer significant
dilution, and any new equity securities we issue could have rights, preferences and privileges superior to those of holders of our common
stock. Any debt financing that we may secure in the future could involve restrictive covenants relating to our capital raising activities
and other financial and operational matters, which may make it more difficult for us to obtain additional capital and to pursue business
opportunities, including potential acquisitions. We may not be able to obtain additional financing on terms favorable to us, if at all.
Our ability to raise additional capital may be adversely affected by external factors beyond our control, including changes in the political
climate, geopolitical actions, changes in market interest rates or foreign exchange rates, market volatility in the trading prices for
our common stock and other technology companies, a recession, depression, high inflation or other sustained adverse market event, and
the outbreak of epidemic disease. If we are unable to obtain adequate financing or financing on terms satisfactory to us in the near
term, we will not be able to continue operations. If we are otherwise unable to obtain additional financing, our ability to respond to
business challenges and opportunities could be significantly impaired, and our business may be adversely affected and we may be required
to liquidate and/or file for bankruptcy protection.

Risks
Related to our Business and Industry

There
is uncertainty regarding U.S. tariffs and support for existing treaty and trade relationships, and implementation of new legislative
or regulatory policies by the U.S. government could impose additional costs on the Company, result in delayed timelines, or otherwise
negatively impact the Company, which could have a material adverse impact on the Company’s business.

The
recent imposition by the United States of tariffs, sanctions and