Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 221

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 221
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.49 | ) |

| F-21 |

Velo3D, Inc.

Notes to Consolidated Financial Statements

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:

Schedule of Potentially Dilutive Shares Excluded from Computation of Net Loss Per Share

|                                                     |     |    December 31, |         |     |      |         |
|                                                     |     |            2024 |         |     | 2023 |         |
|                                                     |     | -per share data |         |     |      |         |
| Common stock warrants                               |     |                 | 215,134 |     |      |  97,039 |
| Restricted stock units                              |     |                 |  38,028 |     |      |  38,222 |
| Common stock options                                |     |                 |  18,036 |     |      |  25,053 |
| Total potentially dilutive common share equivalents |     |                 | 271,198 |     |      | 160,314 |

Total potentially dilutive common share equivalents for the years ended December 31, 2024 and 2023, excludes 17,948and 40,507, respectively, shares related to the earnout liability as these shares are contingently issuable upon meeting certain triggering events.

| F-22 |

<div align='center'>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:

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis

|                                                              |     | Level                                  
 1                                      
 Fair                                   
 Value Measured as of December 31, 2024 |     |     | Level 
 2     |       |     | Level 
 3     |       |     | Total |       |
|:-------------------------------------------------------------|:----|:---------------------------------------|----:|:----|:------|------:|:----|:------|------:|:----|:------|------:|
|                                                              |     | Level                                  
 1                                      |     |     | Level 
 2     |       |     | Level 
 3     |       |     | Total |       |