Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 152

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 152
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 States (and, if required by an applicable income tax treaty, is attributable to a permanent  
 establishment or fixed base that such Non-U.S. Holder maintains in the United States),       |
| (b) | the                                                                                          
 Non-U.S. Holder is a nonresident alien individual and is present in the United States for    
 183 or more days in the taxable year of the disposition and certain other conditions are     
 met, or                                                                                      |
| (c) | we                                                                                           
 are or have been a “United States real property holding corporation,” or USRPHC,             
 within the meaning of Code Section 897(c)(2) at any time within the shorter of the five-year 
 period preceding such disposition and such Non-U.S. Holder’s holding period.                 |

In general, we would be a USRPHC if the aggregate fair market value of our “United States real property interests” (within the meaning of Code Section 897(c)(1)) (“USRPIs”), equaled or exceeded fifty percent (50%) of the combined fair market value of our USRPIs, our non-U.S. real property interests and our other business assets. We believe that we have not been and are not, and do not anticipate becoming, a USRPHC. Even if we are or were to become a USRPHC, gain realized by a Non-U.S. Holder on a disposition of our common stock will not be subject to U.S. federal income tax under the provisions applicable to USRPIs so long as our common stock is “regularly traded,” as defined by applicable Treasury regulations, on an established securities market. There can be no assurance that we are not or will not become a USRPHC or that our common stock will qualify as regularly traded on an established securities market.

Non-U.S. Holders described in (a) above will be required to pay tax on the gain derived from the sale or other taxable disposition at regular U.S. federal income tax rates applicable to U.S. Persons, and corporate Non-U.S. Holders described in (a) above may, in addition, be subject to a branch profits tax at a 30% rate or such lower rate as may be specified by an applicable income tax treaty, as adjusted for certain items. A Non-U.S. Holder described in (b) above will be subject to U.S. federal income tax at a flat 30% rate, or such lower rate as may be specified by an applicable income tax treaty