Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 221

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 221
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 thousands                                |         |   |     |          |        |   |     |         |         |   |
| Net                                                            
 Loss                                                           |     | $                                        | (51,344 | ) |     | $        |   (267 | ) |     | $       | (51,611 | ) |
| Adjustments                                                    
 to reconcile net loss to net cash used in operating activities |     |                                          |         |   |     |          |        |   |     |         |         |   |
| Loss                                                           
 on debt extinguishment                                         |     | $                                        |       - |   |     | $        |  7,525 |   |     | $       |   7,525 |   |
| Amortization                                                   
 of debt discount and deferred financing costs                  |     | $                                        |  14,541 |   |     | $        | (7,258 | ) |     | $       |   7,283 |   |

Recently Adopted Accounting Pronouncements

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“Topic 326”)”, and has since released various amendments including ASU No. 2019-04. The guidance modifies the measurement of expected credit losses on certain financial instruments. This guidance is effective for the Company for the fiscal year beginning after December 15, 2022. Early adoption is permitted. The Company adopted the new guidance in the first quarter of fiscal year 2023. The effect on the consolidated financial statements and related disclosures was not material.

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (ASC Topic 280): Improvements to Reportable Segment Disclosures, which requires public entities to disclose information about their reportable segments’ significant expenses and other segment items on an interim and annual basis. Public entities with a single reportable segment are required to apply the disclosure requirements in ASU 2023-07, as well as all existing segment disclosures and reconciliation requirements in ASC Topic 280 on an interim and annual basis. The Company adopted ASU 2023-07 during the year ended December 31, 2024. The Company applied ASU 2023-07 retrospectively to the earliest period presented.

Recently Issued Accounting Pronouncements

In December 2023, the FASB issued AS