Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 30

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 30
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 result in unintended consequences, including employee attrition beyond our intended reduction in force, damage to our corporate culture and decreased employee morale among our remaining employees, diversion of management attention, adverse effects to our reputation as an employer, loss of continuity, institutional knowledge and expertise, and potential failure or delays to meet operational and growth targets. Further, our business may ultimately not be more efficient or effective and we may be unable to achieve anticipated operating enhancements or cost reductions, which would adversely affect our business, competitive position, operating results and financial condition.

We have identified material weaknesses in our internal control over financial reporting and we may identify additional material weaknesses in the future or otherwise fail to maintain effective internal control over financial reporting, which may result in material misstatements of our consolidated financial statements or cause us to fail to meet our periodic reporting obligations or cause our access to the capital markets to be impaired and have a material adverse effect on our business.

We have identified material weaknesses in our internal control over financial reporting. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the annual or interim consolidated financial statements will not be prevented or detected on a timely basis. The material weaknesses are as follows:

| ● | We                                                                                                
 did not design and maintain an effective control environment commensurate with our financial      
 reporting requirements. Specifically, we did not maintain a sufficient complement of personnel    
 with an appropriate degree of internal controls and accounting knowledge, experience, and         
 training commensurate with our accounting and financial reporting requirements. Additionally,     
 the lack of a sufficient complement of personnel resulted in an inability to consistently         
 establish appropriate authorities and responsibilities in pursuit of our financial reporting      
 objectives, as demonstrated by, among other things, insufficient segregation of duties in         
 our finance and accounting functions. This material weakness contributed to the following         
 additional material weaknesses.                                                                   |
| ● | We                                                                                                
 did not design and maintain effective controls over the segregation of duties related to          
 journal entries and account reconciliations. Specifically, certain personnel have the ability     
 to both (i) create and post journal entries within our general ledger system and (ii) prepare     
 and review account reconciliations.                                                               |
| ● | We                                                                                                
 did not design and maintain effective controls over the accounting and disclosure for debt        
 and equity instruments. Specifically, we did not design and maintain effective controls over      
 the accounting for the issuance and extinguishment of convertible note arrangements, warrants     
 and common stock.                                                                                 |
| ●