Company: VLDXW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001641172-25-022448
Chunk: 82

Company: Velo3D, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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 in this Quarterly Report for additional information.

Recent
Accounting Pronouncements

For
a description of recent accounting pronouncements, including the expected dates of adoption and estimated effects, if any, on Velo3D’s
unaudited condensed consolidated interim financial statements, see Note 2, Summary of Significant Accounting Policies, in the
notes to the unaudited condensed consolidated interim financial statements in this Quarterly Report.

Implications
of Being an Emerging Growth Company

Section
102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards
until private companies are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company
can choose not to take advantage of the extended transition period and comply with the requirements that apply to non-emerging growth
companies, and any such election to not take advantage of the extended transition period is irrevocable. We are an “emerging growth
company” as defined in Section 2(a)(19) of the Securities Act of 1933, as amended (the “Securities Act”) and have elected
to take advantage of the benefits of this extended transition period.

We
will elect to use this extended transition period for complying with new or revised accounting standards that have different effective
dates for public business entities and nonpublic business entities until the earlier of the date we (a) are no longer an emerging growth
company or (b) affirmatively and irrevocably opt out of the extended transition period provided in the JOBS Act. This may make it difficult
or impossible to compare our financial results with the financial results of another public company that is either not an emerging growth
company or an emerging growth company that has chosen not to take advantage of the extended transition period exemptions because of the
potential differences in accounting standards used. Please refer to Note 2. Summary of Significant Accounting Policies, of the
unaudited condensed consolidated interim financial statements included elsewhere in this Quarterly Report for the recent accounting pronouncements
adopted and the recent accounting pronouncements not yet adopted for the six months ended June 30, 2025 and 2024.

We
will remain an emerging growth company under the JOBS Act until the earliest of (a) December 31, 2025, (b) the last date of our fiscal
year in which we have total annual gross revenue of at least $1.235 billion, (c) the last date of our