Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 279

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 279
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         | — |     |         |     2 |     |       |     2 |
| Common stock warrant liabilities (July 2024 Private Warrants) (ii) |     |                                             |   — |     |         | — |     |         |   865 |     |       |   865 |
| Common stock warrant liabilities (August Inducement Warrants) (ii) |     |                                             |   — |     |         | — |     |         |   796 |     |       |   796 |
| Warrant liabilities                                                |     |                                             |   — |     |         | — |     |         |   796 |     |       |   796 |
| Contingent earnout liabilities                                     |     |                                             |   — |     |         | — |     |         |    11 |     |       |    11 |
| Total financial liabilities                                        |     | $                                           |   — |     | $       | — |     | $       | 2,177 |     | $     | 2,177 |

| (i)  | Included                                                                             
 in cash and cash equivalents on the unaudited condensed consolidated balance sheets. |
| (ii) | Included                                                                             
 in warrant liabilities on the unaudited condensed consolidated balance sheets.       |

For more information regarding the Public Warrants, the Private Placement Warrants, the 2022 Private Warrant, the RDO Warrants, the Placement Agent Warrants, the 2024 Private Warrants, the BEPO Warrants, and the BEPO Agent Warrants, July 2024 Private Warrants, August Inducement Warrants and the Contingent earnout liabilities, see Note 10, Equity Instruments.

The aggregate fair value of the Company’s money market funds approximated amortized cost and, as such, there were no unrealized gains or losses on money market funds as of June 30, 2025 and December 31, 2024. Realized gains and losses, net of tax, were not material for any of the periods presented.

| F-61 |

The following table presents a summary of the changes in the fair value of the Company’s Level 3 financial instruments:

Summary of Changes in Fair Value of Level 3 Financial Instruments

|                                  |     | Private        
 placement      
 warrant        
 liabilities    
 (In thousands) |   |     | 2022    
 Private 
 Warrant |    |   |     |