Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 265

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 265
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 share of common stock. No fractional shares were issued in connection with the 2025Reverse Stock Split. Any fractional shares resulting from the 2025 Reverse Stock Split were rounded up to the nearest whole share. The par value of the Company’s common stock was not adjusted as a result of the 2025 Reverse Stock Split. All of the Company’s share numbers, per share amounts, and related stockholders’ equity (deficit) balances presented herein have been retroactively adjusted to reflect the 2025 Reverse Stock Split. In addition, the exercise prices, conversion rates and other terms of the Company’s securities that adjusted pursuant to their terms as a result of the 2025 Reverse Stock Split have been presented after giving effect to such adjustments.

| F-52 |

<div align='center'>Velo3D, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except share and per share data)</div>

| Assets                                                                                                                                                                                                                                 
 Current assets:                                                                                                                                                                                                                        |     | June 30, 
 2025     |          |   |     | December 31, 
 2024         |          |   |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:---------|---------:|:--|:----|:-------------|---------:|:--|
| Cash and cash equivalents                                                                                                                                                                                                              |     | $        |      854 |   |     | $            |    1,212 |   |
| Accounts receivable, net                                                                                                                                                                                                               |     |          |    5,394 |   |     |              |    3,723 |   |
| Inventories, net                                                                                                                                                                                                                       |     |          |   38,417 |   |     |              |   49,953 |   |
| Contract assets                                                                                                                                                                                                                        |     |          |    1,448 |   |     |              |      500 |   |
| Prepaid expenses and other current assets                                                                                                                                                                                              |     |          |    2,783 |   |     |              |    2,336 |   |
| Total current assets                                                                                                                                                                                                                   |     |          |   48,896 |   |     |              |   57,724 |   |
| Property and equipment, net                                                                                                                                                                                                            |     |          |   15,201 |   |     |              |   14,270 |   |
| Equipment subject to operating lease, net                                                                                                                                                                                              |     |          |