Company: VLDXW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001641172-25-022448
Chunk: 33

Company: Velo3D, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 the “Highbridge Holders”); (iii) Anson Investments Master Fund LP (“AMF”);
(iv) Anson East Master Fund LP (collectively with AMF, the “Anson Holders”); (v) High Trail Investments ON LLC
(“HTI”), and (vi) HB SPV I Master LLC (together with HTI, the “High Trail Holders”), pursuant to which: (a)
the Highbridge Holders and the Anson Holders agreed to exchange an aggregate of 60,150
registered warrants issued in April 2024 and an aggregate of 99,048
registered warrants issued in August 2024, and (b) the High Trail Holders agreed to exchange an aggregate of 151,808
unregistered warrants issued in April 2024 and July 2024, and an aggregate of 19,048
registered warrants issued in December 2023, for an aggregate of 990,159
shares (the “Acquired Shares”) of Company’s common stock, respectively, equating in each case to an exchange ratio
of three Acquired Shares for each warrant.

Common
Stock Reserved for Future Issuance

Shares
of common stock reserved for future issuance on an “as if converted” basis were as follows:

 Schedule
of Common Stock Reserved for Future Issuance

    June 30,  
    December 31, 

    2025  
    2024 

    (share data) 
  
    Common stock warrants 
     36,892  
     366,946 
  
    Shares available for future grant under 2021 Equity Incentive Plan 
     —  
     46,456 
  
    Reserved for At-the-Market offering 
     5,383  
     5,383 
  
    Reserved for employee stock purchase plan 
     148,897  
     18,958 
  
    Total shares of common stock reserved 
     191,172  
     437,743 

In
February 2023, the Company entered into a sales agreement (the “ATM Sales Agreement”) with Needham & Company, LLC (“Needham”),
as agent, pursuant to which the Company may offer and sell, from time to time through Needham, up to $40.0 million shares of its common
stock pursuant to a shelf registration statement on Form S-3 (the “Shelf Registration Statement