Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 106

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 106
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 Convertible Notes, $25.0 million in repayment of the
Secured Notes, $17.0 million in repayment of the revolver facility, and $7.0 million in repayment of equipment loans.

We expect cash provided by financing activities
to increase by issuing new equity or incurring new debt to continue operations, subject to our compliance with the covenants in the Secured
Notes. Our future cash requirements and the adequacy of available funds will depend on many factors, including our operating performance,
competitive and industry developments, and financial market conditions.

| 66 |

Contractual Obligations

The table below summarizes our contractual
obligations as of June 30, 2025:

|                                    |     | Payments Due by 
 Period          
 Less than       
 1               
 year            
 (In thousands)  |        |     | 1 – 3 
 years |        |     | 3 – 5 
 years |       |     | Total |        |
|:-----------------------------------|:----|:----------------|-------:|:----|:------|-------:|:----|:------|------:|:----|:------|-------:|
| Operating leases                   |     | $               |  1,200 |     | $     |  7,320 |     | $     | 8,780 |     | $     | 17,300 |
| Debt principal, interest and fees  |     |                 | 16,913 |     |       |  5,562 |     |       |     — |     |       | 22,475 |
| Purchase commitments               |     |                 |  4,400 |     |       |      — |     |       |     — |     |       |  4,400 |
| Total contractual cash obligations |     | $               | 22,513 |     | $     | 12,882 |     | $     | 8,780 |     | $     | 44,175 |

Purchase commitments (purchase orders) of
$4.4 million for parts and assemblies are non-cancellable and are due upon receipts with standard payment terms and will be delivered
throughout 2025 and the first half of 2026.

Off-Balance Sheet Arrangements

As of June 30, 2025 and December 31, 2024,
except as discussed below, we did not have any off-balance sheet