Velo3D, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Equity Instruments (Tables)

Equity Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Shares of Common Stock Reserved for Issuance

Shares of common stock reserved for future issuance on an “as if converted” basis were as follows:


	June 30,		December 31,
	2024		2023
	(share data)
Common stock warrants		3,111,261		1,455,574
Shares available for future grant under 2021 Equity Incentive Plan		789,655		844,496
Reserved for At-the-Market offering		80,742		80,742
Reserved for employee stock purchase plan		284,440		210,606
Total shares of common stock reserved		4,266,098		2,591,418

Schedule of Warrants for Shares of Stock

Warrants for shares of common stock consisted of the following:


	June 30, 2024
	Issue Date	Expiration Date	Number of Warrants		Exercise Price per warrant
Private Placement Warrants - Common Stock	12/02/2020	09/29/2026		127,143	$	402.50
Public Warrants – Common Stock	12/02/2020	09/29/2026		246,429	$	402.50
2022 Private Warrant – Common Stock	07/25/2022	07/24/2034		2,000	$	89.60
RDO Warrants - Common Stock	12/29/2023	12/29/2028		1,028,571	$	19.78
Placement Agent Warrants - Common Stock	12/29/2023	12/29/2028		51,429	$	21.75
2024 Private Warrants - Common Stock	4/1/2024	5/16/2025		627,117	$	15.95
BEPO Warrants - Common Stock	4/12/2024	4/12/2029		979,592	$	12.25
BEPO Agent Warrants - Common Stock	4/12/2024	4/12/2029		48,980	$	13.48
				3,111,261


	December 31, 2023
	Issue Date	Expiration Date	Number of Warrants		Exercise Price per warrant
Private placement warrants - Common Stock	12/02/2020	09/29/2026		127,143	$	402.50
Public warrants – Common Stock	12/02/2020	09/29/2026		246,428	$	402.50
2022 Private Warrant – Common Stock	07/25/2022	07/24/2034		2,000	$	89.60
RDO Warrants - Common Stock	12/29/2023	12/29/2028		1,028,574	$	19.78
2023 Placement Agent Warrants - Common Stock	12/29/2023	12/29/2028		51,429	$	21.75
				1,455,574

Fair Value Assumptions

The fair value assumptions used in the Monte Carlo simulation model for the recurring valuation of the private placement common stock warrant liability were as follows:


	As of June 30, 2024			As of December 31, 2023
Current stock price	$	3.32		$	13.92
Expected volatility		100.0	%		105.0	%
Risk-free interest rate		4.7	%		4.1	%
Dividend rate		—	%		—	%
Expected Term (years)		2.25			2.75


	As of June 30, 2024			As of December 31, 2023
Current stock price	$	3.32		$	14.00
Expected volatility		118.6	%		108.3	%
Risk-free interest rate	4.4% - 5.2%			3.8% - 3.9%
Dividend rate		—	%		—	%
Expected Term (years)	4.5 - 10.07			5 - 10.57


	As of June 30, 2024
Current stock price	$	3.32
Expected volatility		140.8	%
Risk-free interest rate		5.4	%
Dividend yield		—	%
Expected Term (years)		0.88


	As of June 30, 2024
Current stock price	$	3.32
Expected volatility		118.6	%
Risk-free interest rate		5.4	%
Dividend yield		—	%
Expected Term (years)		4.79


	As of June 30, 2024			As of December 31, 2023
Current stock price	$	3.32		$	14.00
Expected volatility		118.7	%		105.0	%
Risk-free interest rate		4.7	%		4.1	%
Dividend yield		—	%		—	%
Expected Term (years)		2.25		2.75

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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+ Details