Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 3

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 3
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 for more information.

|                                 |     | Per   
 share |     | Total |
|:--------------------------------|:----|:------|:----|:------|
| Public offering price           |     | $     |     | $     |
| Underwriting discounts and      
 commissions (1)                 |     | $     |     | $     |
| Proceeds to us, before expenses |     | $     |     | $     |

| (1) | We                                                                                 
 have agreed to reimburse the underwriters for certain expenses. See “Underwriting” 
 on page 113 for additional information regarding underwriting compensation.        |

We have also granted Lake Street Capital Markets, LLC, who is acting as the representative (the “Representative”) of the several underwriters, an option to purchase up to an additional 416,666 shares of common stock from us to cover over-allotments. The underwriters may exercise this option at any time and from time to time during the 30-day period from the date of this prospectus.

Investing in our securities involves a high degree of risk. See the section entitled “ Risk Factors” starting on page 9 and elsewhere in this prospectus for a discussion of information that should be considered in connection with an investment in our securities.

Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.

The underwriters expect to deliver the shares of common stock to the purchasers on or about , 2025.

<div align='center'>Lake Street

The date of this prospectus
is , 2025</div>

<div align='center'>CERTAIN DEFINED TERMS</div>

Unless otherwise stated in this prospectus or the context otherwise requires, references to:

“ 2022 Private Warrant” means the warrant to purchase up to 134 shares of common stock issued to Silicon Valley Bank in conjunction with the joinder and fourth loan modification agreement.

“ Additional Secured Convertible Notes” means up to an additional $35.0 million in aggregate principal amount of Senior Convertible Notes we have granted the holders of the Secured Notes the right to purchase so long as the notice to exercise such option is provided no later than the August 14, 2025.

“ ATM Offering” mean our “at-the-market” offering of common stock pursuant to the ATM Sales Agreement.

“ ATM Sales Agreement” means