Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 280

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 280
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 2024 |     |
|:----------------------------|:----|:----------------------------|---:|:----|:-----|----:|:----|:--------------------------|---:|:----|:-----|----:|
| Equipment on lease payments |     | $                           | 70 |     | $    | 292 |     | $                         | 70 |     | $    | 762 |

| F-64 |

Note 8. Leases

The Company leases its office and manufacturing facilities under four non-cancellable operating leases, including options to extend, which expire between 2025 to 2032. The agreements include a provision for renewal at the then prevailing market rate for terms specified in each lease.

Total right-of-use (“ROU”) assets and lease liabilities are as follows:

Schedule of Right-of-use Assets and Lease Liabilities

| Right-of-use assets:                                    |     | June 30,       
 2025           
 (In thousands) |       |     | December 31, 
 2024         |        |
|:--------------------------------------------------------|:----|:---------------|------:|:----|:-------------|-------:|
| Net book value (Other assets)                           |     | $              | 7,838 |     | $            |  8,774 |
| Operating lease liabilities:                            |     |                |       |     |              |        |
| Current (Accrued expense and other current liabilities) |     | $              | 1,569 |     | $            |  1,612 |
| Noncurrent (Other noncurrent liabilities)               |     |                | 7,583 |     |              |  8,361 |
| Total operating lease liabilities                       |     |                | 9,152 |     |              |  9,973 |
| Financing lease liabilities:                            |     |                |       |     |              |        |
| Current (Accrued expense and other current liabilities) |     | $              |   149 |     | $            |    142 |
| Noncurrent (Other noncurrent liabilities)               |     |                |    37 |     |              |    114 |
| Total financing lease liabilities                       |     | $              |   186 |     | $            |    256 |
| Total lease liabilities                                 |     | $              | 9,338 |     | $            | 10,229 |

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