Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 194

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 194
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 2023           |     | F-1 
 F-2 
 F-3 
 F-4 |
|:----------------------------------------------------------------------------------|:----|:----|
| Statements                                                                        
 of Cash Flows for the Years Ended December 31, 2024 and 2023                      |     | F-5 |
| Statements                                                                        
 of Changes in Stockholders’ Equity for the Years Ended December 31, 2024 and 2023 |     | F-7 |
| Notes                                                                             
 to Financial Statements                                                           |     | F-8 |

As of June 30, 2025 and for the Six Months Ended June 30, 2025 and June 30, 2024 (Unaudited)

| Condensed Balance Sheets as of June 30, 2025 and 2024 (unaudited)                                        
 Condensed Statements of Operations for the Three and Six Months Ended June 30, 2025 and 2024 (unaudited) |     | F-53 
 F-54 |
|:---------------------------------------------------------------------------------------------------------|:----|:-----|
| Condensed Statements of Cash Flows for the Six Months Ended June 30, 2025 and 2024 (unaudited)           |     | F-55 |
| Condensed Statements of Changes in Stockholders’ Equity for the Three and Six Months Ended June 30,      
 2025 and 2024 (unaudited)                                                                                |     | F-56 |
| Notes to Condensed Consolidated Interim Financial Statements (unaudited)                                 |     | F-57 |

| 120 |

<div align='center'>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

To the Board of Directors and Stockholders of

Velo3D,
Inc.

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated
balance sheet of Velo3D, Inc. and Subsidiaries (collectively the “Company”) as of December 31, 2024, and the related consolidated
statements of operations and comprehensive loss, stockholders’ equity, and cash flows, for the year then ended, and the related
notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements
present fairly, in all material respects, the consolidated financial position of the Company as of December 31, 2024, and the results
of their operations and their cash flows for the year then ended