Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 166

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 166
---
 the holders of at least 66-2/3% in voting power of all the then-outstanding shares of common stock entitled to vote thereon; provided, however, that if at least 66-2/3% of the entire Board have approved such amendment or repeal of any provision of the Certificate of Incorporation, then such amendment or repeal shall only require the affirmative vote of the majority of the outstanding shares of capital stock entitled to vote on such amendment or repeal, voting as a single class.

The Bylaws may be amended or repealed (A) by the affirmative vote of a majority of the entire Board then in office (subject to any bylaw requiring the affirmative vote of a larger percentage of the members of the Board) or (B) without the approval of the Board, by the affirmative vote of the holders of 66-2/3% of our outstanding voting stock entitled to vote on such amendment or repeal, voting as a single class, provided that if 66-2/3% of the entire Board recommends that stockholders approve such amendment or repeal at such meeting of stockholders, then such amendment or repeal shall only require the affirmative vote of the majority of the outstanding shares of capital stock entitled to vote on such amendment or repeal, voting as a single class.

Delaware Anti-Takeover Statute

Section 203 of the DGCL provides that if a person acquires 15% or more of the voting stock of a Delaware corporation, such person becomes an “interested stockholder” and may not engage in certain “Business Combinations” with the corporation for a period of three years from the time such person acquired 15% or more of the corporation’s voting stock, unless:

| ● | the                                                                                             
 board of directors approves the acquisition of stock or the merger transaction before the       
 time that the person becomes an interested stockholder;                                         |
| ● | the                                                                                             
 interested stockholder owns at least 85% of the outstanding voting stock of the corporation     
 at the time the merger transaction commences (excluding voting stock owned by directors who     
 are also officers and certain employee stock plans); or                                         |
| ● | the                                                                                             
 merger transaction is approved by the board of directors and at a meeting of stockholders,      
 not by written consent, by the affirmative vote of 2/3 of the outstanding voting stock which    
 is not owned by the interested stockholder. A Delaware corporation may elect in its certificate 
 of incorporation or bylaws not to be governed by this particular Delaware law.                  |