Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 60

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 60
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 of complying with Nasdaq’s minimum bid price requirement.

In
connection with and prior to this offering and the uplist of our common stock to the Nasdaq Capital Market, we effected the Reverse
Split with the primary purpose to allow us to meet Nasdaq’s minimum bid price requirement. There can be no assurance that the
market price of our common stock following the Reverse Split will remain at the level required for compliance with that requirement.
In any event, other factors unrelated to the number of shares of our common stock outstanding, such as negative financial or operational
results, could adversely affect the market price of our common stock and thus jeopardize our ability to meet or maintain Nasdaq’s
minimum bid price requirement.

| 39 |

Purchasers of common stock in this offering will experience immediate dilution in the net tangible book value of their investment.

Since the public offering price of our common stock in this offering is higher than the net tangible book value per share of our outstanding common stock outstanding prior to this offering, you will suffer dilution in the book value of the common stock you purchase in this offering. The shares of common stock sold in this offering, if any, will be sold from time to time at various prices. After giving effect to the sale of our common stock in the aggregate offering amount of $15.0 million at an assumed offering price of $5.40 per share, which is equal to the last reported sale price of our common stock on the OTCQX on August 5, 2025, and after deducting estimated offering commissions and expenses payable by us, you would suffer immediate dilution of $3.34 per share in the net tangible book value of the common stock. See the section titled “ Dilution” for a more detailed discussion of the dilution you will incur if you purchase shares in this offering.

A substantial number of shares of common stock may be sold in the market following this offering, which may depress the market price for our common stock.

Sales of a substantial number of shares of our common stock in the public market following this offering could cause the market price of our common stock to decline. The shares of common stock offered hereby will be freely tradable without restriction or further registration under the Securities Act.

If you purchase our common stock in this offering you may experience future dilution as a result of future equity offerings or other equity issuances.

We will likely offer and issue additional shares of our common stock or other equity or convertible debt securities in order to raise additional capital. Future equity