Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 26

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 26
---
 certain foreign markets;                                                 |
| ● | operating                                                                                        
 in countries with a higher incidence of corruption and fraudulent business practices;            |
| ● | changes                                                                                          
 in regulatory requirements, including export controls, tariffs and embargoes, other trade        
 restrictions, competition, corporate practices and data privacy concerns;                        |
| ● | potential                                                                                        
 adverse tax consequences arising from global operations;                                         |
| ● | rapid                                                                                            
 changes in government, economic and political policies and conditions; and                       |
| ● | political                                                                                        
 or civil unrest or instability, terrorism or epidemics and other similar outbreaks or events.    |

In addition, additive manufacturing has been identified by the U.S. government as an emerging technology and is currently being further evaluated for national security impacts. We expect additional regulatory changes to be implemented that will result in increased and/or new export controls related to 3D printing technologies, components, and related materials and software. These changes, if implemented, may result in our being required to obtain additional approvals and/or licenses to sell 3D printers in the global market.

Our failure to effectively manage the risks and uncertainties associated with our global operations could limit the future growth of our business and adversely affect our business and operating results.

There is uncertainty regarding U.S. tariffs and support for existing treaty and trade relationships, and implementation of new legislative or regulatory policies by the U.S. government could impose additional costs on the Company, result in delayed timelines, or otherwise negatively impact the Company, which could have a material adverse impact on the Company’s business.

The recent imposition by the United States of tariffs, sanctions and other restrictions on goods imported into the United States, and countermeasures imposed by foreign countries in response to such government actions, if not significantly and promptly moderated or eliminated, may increase the cost of goods for our products or reduce our ability to sell products, which may, in turn, adversely affect our operating results and financial condition. The ultimate impact of these trade measures on our business operations and financial results is uncertain and may be affected by various factors, including whether and when such trade measures are implemented, the timing of when such measures may become effective, and the amount, scope, or nature of such trade measures, and our ability to execute strategies to mitigate the negative impacts.

Political tensions as a result of trade policies could reduce trade volume, investment, technological exchange, and other economic activities between major international economies, resulting in a material adverse effect on global economic conditions and the stability of global financial markets, which could, in turn, have a