Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 113

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 113
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 “Public Warrants”) and 8,477 private placement warrants (the “Private Placement Warrants”), issued
to the Sponsor, all of which were issued in connection with the IPO), became exercisable for one share of the Company’s common
stock at an exercise price of $6,037.50 per share. During the year ended December 31, 2024, there were no Public Warrants or Private
Placement Warrants exercised. The Public Warrants are publicly traded and are exercisable for cash, unless certain conditions occur,
such as redemption by the Company under certain circumstances, at which time the Public Warrants may be exercised on a cashless basis.
The Private Placement Warrants are non-redeemable for cash so long as they are held by the initial purchasers or their permitted transferees.
If the Private Placement Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Placement
Warrants are redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.

In conjunction with the joinder and fourth
loan modification agreement on July 25, 2022, we issued to Silicon Valley Bank warrants to purchase up to 134 shares of the Company’s
common stock at an exercise price of $1,344 per warrant share (the “2022 Private Warrant”). The 2022 Private Warrant is exercisable
until July 24, 2034 and allows cashless exercise in whole or part.

On December 29, 2023, the Company issued warrants
to purchase 68,572 shares of the Company’s stock at an exercise price of $299.25 per warrant share (the “RDO Warrants”).
Additionally, the Company issued warrants to purchase 3,429 shares of the Company’s stock at an exercise price of $326.25 per warrant
share (the “Placement Agent Warrants” and together with the Public Warrants, the Private Placement Warrants, the 2022 Private
Warrant, and the RDO Warrants the “Common Stock Warrants”). The RDO Warrants and Placement Agent Warrants are exercisable
until December 29, 2028.

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In connection with the sale and issuance (the
“BEPO Offering”) of an aggregate of 65,307 shares of common stock in April 2024, the Company issued warrants (the “BEPO
Warrants”) to purchase up to an aggregate of 65