Company: VLDXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047760
Chunk: 263

Company: Velo3D, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 263
---
 with financing

        22,425

        11,428

        Loss on fair value of warrants

        (32,093
        )

        (2,338
        )

        Ending Balance
         
        $
        2,167

        $
        11,835

       The liabilities associated with the Private Placement Warrants, 2022 Private Warrant, RDO Warrants, and Placement Agent Warrants were subject to remeasurement at each balance sheet date using the Level 3 fair value inputs and the Public Warrants were subject to remeasurement at each balance sheet date using the latest trading price of the warrants for the years ended December 31, 2024 and 2023. 

 114

Velo3D, Inc.Notes to Consolidated Financial Statements 

Private Placement Warrant - Fair Value AssumptionThe fair value of the private placement common stock warrant liability was $0 as of December 31, 2024 as the publicly traded price was $0.00 as of December 31, 2024. The assumptions used in the Monte Carlo simulation model for the recurring valuation of the private placement common stock warrant liability were as follows: 

        As of December 31, 2024

        As of December 31, 2023

        Current stock price
         
        $
        —

        $
        13.92

        Expected volatility

        —
        %

        105.0
        %

        Risk-free interest rate

        —
        %

        4.1
        %

        Dividend yield

        —
        %

        —
        %

        Expected term (in years)

        —

        2.75

       Expected volatility: The volatility is determined iteratively, such that the concluded value of the Public Warrant is equal to the traded price.Risk-free interest rate: The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for zero-coupon U.S. Treasury notes with maturities corresponding to the expected term of the common stock warrants.Expected dividend yield: The expected dividend rate is zero as the Company currently has no history or expectation of declaring dividends on its common stock.Expected term: The expected term represents the period that the warrants are expected to be outstanding and is determined using the simplified method, which deems the term to be the average of the time to vesting and the contractual life of the common stock warrants.202