Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 100

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 100
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|--------:|:--|:----|:-----|---------:|:--|:----|:-------|--------:|:--|
| Net cash                     
 used in operating activities |     | $                  | (32,677 | ) |     | $    | (105,636 | ) |     | $      |  72,959 |   |
| Net cash provided by         
 investing activities         |     |                    |   7,767 |   |     |      |   38,891 |   |     |        | (31,124 | ) |
| Net cash provided by         
 financing activities         |     |                    |   1,460 |   |     |      |   59,261 |   |     |        | (57,801 | ) |

| 62 |

<div align='center'>Confidential Treatment Requested by Velo3D, Inc.

Pursuant to 17 CFR 200.83</div>

Operating Activities

Net cash used in operating activities for the year ended December 31, 2024 was $32.7 million, consisting primarily of a net loss of $73.3 million, cash used from net operating assets of $31.5 million, and non cash charges of $9.1 million. The cash used from operating assets was primarily comprised of accounts payable of $0.1 million, accrued expenses and other current liabilities of $2.6 million, and other noncurrent liabilities of $2.2 million, partially offset by a decrease in inventories of $13.3 million for Sapphire and Sapphire XC system production, contract assets of $7.0 million, accounts receivable of $5.9 million, contract liabilities of $5.2 million, other assets of $4.0 million, and prepaid expenses and other current assets of $1.8 million related to insurance and vendor prepayments. The noncash charges primarily consisted of amortization of debt discount and deferred financing costs of $13.6 million, stock-based compensation of $15.4 million, loss on debt extinguishment of $7.5 million, depreciation and amortization of $4.9 million, warrant issuance in connection with the August warrant inducement of $2.4 million, and cost of issuance of common stock warrants in the BEPO Offering (defined herein) of $1.3 million, partially offset by the fair value related to the warrants of $32.1 million, gain on exchange of debt for