Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 2

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 2
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 “our” or “us”) is offering shares of common stock, $0.0001 par value per share, at an assumed public offering price of $ per share, which is the last reported sale price of our common stock on the OTCQX Best Market (the “OTCQX”) operated by OTC Markets Group, Inc. on , 2025. The public offering price per share will be determined at the time of pricing and may be at a discount to the current market price. The recent market price used throughout this prospectus may not be indicative of the final public offering price.

The offering is being underwritten on a firm commitment basis. We have granted the underwriters an option to purchase up to an additional shares of common stock from us to cover over-allotments. The underwriters may exercise this option at any time and from time to time during the 30-day period from the date of this prospectus.

There is currently a limited public trading market for our common stock. Our common stock is quoted on the OTCQX under the symbol “VLDX.” In connection with this offering, we have applied to list our common stock on the Nasdaq Capital Market under the symbol “ .” We believe that upon the completion of this offering, we will meet the standards for listing on the Nasdaq Capital Market, and the closing of this offering is contingent upon such listing. No assurance can be given that our listing application will be approved or, if we receive approval, that a trading market will develop or be sustained. The sale prices of our common stock on the OTCQX may not be indicative of the prices of our common stock when traded on the Nasdaq Capital Market. If our listing application is not approved, we will not consummate this offering.

On , 2025, our stockholders approved a proposal authorizing our board of directors (the “Board”) to effect a reverse stock split of our outstanding common stock at a specific ratio within a range from one-for-five to one-for-fifty, and also granted authorization to our Board to determine, in its sole discretion, the specific ratio within that range and timing of such reverse stock split. We intend for the Board to effect the reverse stock split in connection with this offering as soon as possible, with the record date being , 2025. The reverse stock split remains subject to approval by the Financial Industry Regulatory Authority (“FINRA”). The figures in this prospectus do not give effect to the aforementioned reverse stock split.

We are an