Company: VLDXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047760
Chunk: 44

Company: Velo3D, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 44
---
 —

    —

    741

    —

    741

    Balance as of December 31, 2023

    7,383,390

    2

    $
    425,471

    $
    (96
    )
     
    $
    (357,037
    )
     
    $
    68,340

    Issuance of common stock upon exercise of stock options

    50,837

    —

    315

    —

    —

    315

    Stock-based compensation

    482,333

    —

    15,363

    —

    —

    15,363

    Issuance of common stock in connection with At-the-Market offering, net of issuance costs

    —

    —

    —

    —

    —

    —

    Issuance of common stock and warrants in connection with capital raise, net of issuance costs

    1,722,449

    —

    4,239

    —

    —

    4,239

    Issuance of common stock in connection with debt extinguishment

    185,151,333

    2

    24,606

    —

    —

    24,608

    Reclassifications and adjustments due to rounding impact from reverse stock split for fractional shares

    119,088

    Net loss

    —

    —

    —

    (73,297
    )

    (73,297
    )

    Other comprehensive loss

    —

    —

    —

    96

    —

    96

    Balance as of December 31, 2024

    194,909,430

    4

    $
    469,994

    $
    -

    $
    (430,334
    )
     
    $
    39,664

The accompanying notes are an integral part of these consolidated financial statements.

 83

Velo3D, Inc.

Notes to Consolidated Financial Statements

Note 1. Description of Business and Basis of PresentationVelo3D, Inc., a Delaware corporation (“Velo3D” ), formerly known as JAWS Spitfire Acquisition Corporation (“JAWS Spitfire”), produces metal additive three dimensional printers (“3D Printers”) which enable the production of components for space rockets, jet engines, fuel delivery systems and other high value metal parts, which it sells or leases to customers for use in their businesses. The Company also provides support services