Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 122

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 122
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 65% to 80% when compared to the original Sapphire system. All of our Sapphire systems are manufactured in our 80,000+ square foot manufacturing facility in Fremont, California in the United States.

Strategic Review

In December 2023, we announced that our Board of Directors had commenced a strategic business review process to explore alternatives in order to maximize stockholder value. The potential strategic alternatives explored or evaluated by our Board of Directors included a potential merger, business combination or sale. The Company’s strategic review was concluded on December 24, 2024 at the close of the December 2024 Exchange. See “ Management’s Discussion and Analysis of Financial Condition and Results of Operations––Recent Developments––Recent Debt and Equity Transactions and Change in Majority Ownership.”

Strategy for Growth

The key elements listed below are the foundation for our growth plan to support innovation and meet our customers’ growing demand for additive manufacturing solutions. We remain committed to our “land-and-expand” strategy, whereby satisfied customers continue to purchase Sapphire printers and employ RPS services due to the significant capabilities the technology provides to operations, product, and engineering teams.

Streamline and automate high-value, high-complexity metal parts manufacturing from design to full-scale production

Through
our RPS offerings, we aim to provide a one-stop solution for our customers to produce mission-critical metal parts from design to production
by first validating a full digital twin to be produced on any of Velo3D’s Sapphire printers. We expect to automate our Sapphire
printers as well as post-processing tools to create a fully automated factory where our customers would utilize Velo3D’s platform
to produce parts on demand.

Focus on uncontested segments of the market

We focus our sales efforts on customers with a need for parts which our proprietary L-PBF technology can produce but which cannot be produced by competitors’ AM technology. These include high-performance metal parts with complex internal geometries, including critical components within jet engines, fuel delivery systems and heat exchangers. These parts are fundamentally out of reach for other AM suppliers serving the high-value metal parts segment because their production process requires internal supports for complex internal geometries, which cannot be removed. Likewise, the processes required by traditional metal manufacturing processes (for example, welding of multiple parts into the desired assembly) often result in parts with lower performance, higher cost and/or longer lead times than the parts which our solution can produce. We generally do not compete in the segment of the AM market composed of applications which can be served by