Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 215

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 215
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 ) |
| Diluted                                     |     |                           $ |      (5.77 | ) |     |    $ |    (23.97 | ) |

| F-21 |

<div align='center'>Confidential Treatment Requested by Velo3D, Inc.

Pursuant to 17 CFR 200.83

Velo3D, Inc.

Notes to Consolidated Financial Statements</div>

The following potentially dilutive shares of common stock equivalents on an “as-converted basis” were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an antidilutive effect:

|                            |     |   December 
        31, |           |     |      |           |
|                            |     |       2024 |           |     | 2023 |           |
|                            |     | -per share 
       data |           |     |      |           |
| Common stock warrants      |     |            | 3,227,001 |     |      | 1,455,572 |
| Restricted stock units     |     |            |   570,407 |     |      |   573,320 |
| Common stock options       |     |            |   270,529 |     |      |   375,781 |
| Total potentially dilutive 
 common share equivalents   |     |            | 4,067,937 |     |      | 2,404,673 |

Total potentially dilutive common share equivalents for the years ended December 31, 2024 and 2023, excludes 269,214 and 607,599, respectively, shares related to the earnout liability as these shares are contingently issuable upon meeting certain triggering events.

| F-22 |

<div align='center'>Confidential Treatment Requested by Velo3D, Inc.

Pursuant to 17 CFR 200.83

Velo3D, Inc.

Notes to Consolidated Financial Statements</div>

Note 4. Fair Value Measurements

The Company’s assets and liabilities that were measured at fair value on a recurring basis were as follows:

|                                    |     | Fair                                   
 Value Measured as of December 31, 2024 |     |     |       |   |     |       |       |     |       |       |
|:-----------------------------------|:----|:---------------------------------------|----:|:----|:------|:--|:----|:------|------: