Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 305

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 305
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 which is the first paycheck date in the month following the month of eligibility described above. Employee and employer contributions are immediately 100% fully vested. The plans offer employer contributions of 3.0% of an employee’s eligible compensation following safe-harbor rules. The Company’s contribution to the 401(k) Plan was $0.2 million and $0.3 million for the three months ended June 30, 2025 and 2024, respectively, and $0.3 million and $0.5 million for the six months ended June 30, 2025 and 2024, respectively. The Company has paid all matching contributions as of June 30, 2025.

| F-76 |

Note 15. Revenue

Customer Concentration

The customer concentration for balances greater than 10% of revenues and 10% of accounts receivables, net, respectively, are presented below:

Schedule of Concentration of Risk

|             |     |               Total Revenue |      |   |     |      |      |   |     |                           |      |   |     |      |      |   |     | Accounts Receivable, Net |      |   |     |              |      |   |
|             |     | Three Months Ended June 30, |      |   |     |      |      |   |     | Six Months Ended June 30, |      |   |     |      |      |   |     |                 June 30, |      |   |     | December 31, |      |   |
|             |     |                        2025 |      |   |     | 2024 |      |   |     |                      2025 |      |   |     | 2024 |      |   |     |                     2025 |      |   |     |         2024 |      |   |
|             |     |            -as a percentage |      |   |     |      |      |   |     |                           |      |   |     |      |      |   |     |                          |      |   |     |              |      |   |
| Customer 1  |     |                             | 30.5 | % |     |      |    — | % |     |                           | 18.1 | % |     |      |  <10 | % |     |                          |    — | % |     |              |    — | % |
| Customer