Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 151

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 151
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 of a partnership or other pass-through entity holding our securities, we urge you to consult your tax advisor.

THIS DISCUSSION IS ONLY A SUMMARY OF CERTAIN UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS ASSOCIATED WITH THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR SECURITIES. EACH PROSPECTIVE INVESTOR IN OUR SECURITIES IS URGED TO CONSULT ITS TAX ADVISOR WITH RESPECT TO THE PARTICULAR TAX CONSEQUENCES TO SUCH INVESTOR OF THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR SECURITIES, INCLUDING THE APPLICABILITY AND EFFECT OF ANY UNITED STATES FEDERAL NON-INCOME, STATE AND LOCAL, AND NON-U.S. TAX LAWS.

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Material U.S. Federal Income Tax Consequences for U.S. Holders

For purposes of this discussion, a “U.S. Holder” is any beneficial owner of our common stock that, for U.S. federal income tax purposes, is or is treated as:

| ● | an                                                                                                                                     
 individual who is a citizen or resident of the United States;                                                                          |
| ● | a                                                                                                                                      
 corporation created or organized in or under the laws of the United States, any state thereof, or the District of Columbia;            |
| ● | an                                                                                                                                     
 estate, the income of which is subject to U.S. federal income tax regardless of its source; or                                         |
| ● | a                                                                                                                                      
 trust that (1) is subject to the primary supervision of a U.S. court and all substantial decisions of which are subject to the control 
 of one or more “United States persons” (within the meaning of Section 7701(a)(30) of the Code), or (2) has a valid election            
 in effect to be treated as a United States person for U.S. federal income tax purposes.                                                |

Taxation of Distributions. If we pay distributions in cash or other property (other than certain distributions of our stock or rights to acquire our stock) to U.S. holders of shares of common stock, such distributions generally will constitute dividends for U.S. federal income tax purposes to the extent paid from our current or accumulated earnings and profits, as determined under U.S. federal income tax principles. Distributions in excess of current and accumulated earnings and profits will constitute a return of capital that will be applied against and reduce (but not below zero) the U.S. holder’s adjusted tax basis in common stock. Any remaining excess will