Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 155

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 155
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 Code (generally, property held for investment). Furthermore, the discussion below is based upon the provisions of the Code, Treasury regulations promulgated thereunder, rulings and judicial decisions, in each case as of the date hereof, and such authorities may be repealed, revoked or modified, perhaps retroactively, so as to result in U.S. federal income tax consequences different from those discussed below. We have not requested a ruling from the U.S. Internal Revenue Service (the “IRS”), with respect to the statements made and the conclusions reached in the following summary, and there can be no assurance that the IRS will agree with such statements and conclusions.

Persons considering the purchase of our common stock pursuant to this offering should consult their tax advisors concerning the U.S. federal income, estate and other tax consequences of acquiring, owning and disposing of our common stock in light of their particular situations as well as any consequences arising under the laws of any other taxing jurisdiction, including any state, local or non-U.S. tax consequences.

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For the purposes of this discussion, a “Non-U.S. Holder” is, for U.S. federal income tax purposes, a beneficial owner of common stock that is neither a U.S. Person, nor a partnership (or other entity or arrangement treated as a partnership for U.S. federal income tax purposes regardless of its place of organization or formation). A “U.S. Person” means any person that is, for U.S. federal income tax purposes, any of the following:

| ● | an                                                                                                                                  
 individual who is a citizen or resident of the United States;                                                                       |
| ● | a                                                                                                                                   
 corporation or other entity treated as a corporation for U.S. federal income tax purposes 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 taxation regardless of its source; or                                  |
| ● | a                                                                                                                                   
 trust if it (1) is subject to the primary supervision of a court within the United States and one or more “United States persons”   
 (within the meaning of Code Section 7701(a)(30)) have the authority to control all substantial decisions of the trust or (2) has    
 a valid election in effect under applicable Treasury regulations to be treated as a United States person.                           |

In the case of a beneficial owner of our common stock that is classified as a partnership for U.S. federal