Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 287

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 287
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 of the issuance date. The Investors may exercise the 2024 Private Warrants by paying the exercise in cash or by reducing the outstanding principal amount under the Secured Notes by an amount equal to the quotient of (A) the amount of the exercise price divided by (B) 1.20. The July 2024 Private Warrants may also be exercised on a cashless basis under certain circumstances.

On August 12, 2024, the Company entered into a warrant inducement with certain warrant holders. Pursuant to the Inducement Agreement, the holders of the Existing Warrants agreed to reduce the exercise price of their Existing Warrants totaling 49,524, from $ 296.70per share to $ 34.20per share. Additionally, the Company agreed to issue registered warrants with an exercise price of $ 34.20per share to purchase 99,048shares of Common Stock (the “August Inducement Warrants”) and will expire on the five year anniversary of the issuance date. The August Inducement Warrants may also be exercised on a cashless basis under certain circumstances.

Warrants to purchase an equal number of shares of common stock of 36,892and 366,946were exercisable as of June 30, 2025 and December 31, 2024, respectively. The Private Placement Warrants, the Public Warrants, the 2022 Private Warrant, the RDO Warrants, the Placement Agent Warrants, 2024 Private Warrants, BEPO Warrants, BEPO Agent Warrants, July 2024 Private Warrants and August Inducement Warrants to purchase shares of common stock are liability classified and recorded at fair value on the issue date with periodic remeasurement. Warrants for shares of common stock consisted of the following:

Schedule of Warrants for Shares of Stock

|                                           |     | June 30, 2025 |     |            |     |           |        |     |           |          |
|:------------------------------------------|:----|:--------------|:----|:-----------|:----|:----------|-------:|:----|:----------|---------:|
|                                           |     | Issue Date    |     | Expiration 
 Date       |     | Number of 
 Warrants  |        |     | Exercise  
 Price per 
 warrant   |          |
| Private Placement Warrants - Common Stock |     | 12/02/2020    |     | 09/29