[First Quarter 2024 Financial Results Overview](index=1&type=section&id=First%20Quarter%202024%20Financial%20Results%20Overview) Velo3D's first quarter 2024 results demonstrate strong commercial momentum and significant progress in operational efficiency [Executive Summary & Key Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Key%20Highlights) Velo3D reported strong demand in Q1 2024, with $17 million in new bookings and a $22 million backlog, driven by expansion in the defense sector. The company is executing its realignment plan, achieving a 30% year-over-year reduction in operating expenses and a 35% improvement in operating cash flow, positioning it to target cash flow breakeven in the second half of 2024 - The company is seeing strong commercial momentum with significant new orders and a solid backlog, particularly noting expansion in the defense sector with **3 new customers**[2](index=2&type=chunk)[3](index=3&type=chunk) Q1 2024 Commercial and Operational Highlights | Metric | Value | Note | | :--- | :--- | :--- | | **Bookings** | $17 million | $27 million since mid-December 2023 | | **Backlog** | $22 million | Exiting Q1 2024 | | **Operating Expenses** | Down 30% YoY | Down 15% sequentially (excl. one-time charges) | | **Operating Cash Flow** | 35% YoY improvement | On track for H2 2024 breakeven | | **Q2 Revenue Outlook** | >30% sequential growth | - | - Strategic realignment efforts are showing progress through significant cost reductions and improved operational efficiency, including a more than **40% reduction in installation days and labor** for Sapphire XC printers[2](index=2&type=chunk)[6](index=6&type=chunk) - Customer confidence is reflected in the fact that approximately **50% of Q1 bookings were from existing customers**, supported by improved system reliability and resolution of **100% of high-priority service tickets**[4](index=4&type=chunk)[6](index=6&type=chunk) [Financial Performance Analysis](index=2&type=section&id=Financial%20Performance%20Analysis) This section details Velo3D's Q1 2024 financial performance, including revenue, profitability, and cash flow metrics [First Quarter 2024 Financial Summary](index=2&type=section&id=First%20Quarter%202024%20Financial%20Summary) For Q1 2024, Velo3D generated $9.8 million in GAAP revenue, a significant increase from Q4 2023 but a decrease from Q1 2023. The company reported a GAAP net loss of $28.3 million, or ($0.11) per share, and a non-GAAP net loss of $20.2 million. Gross margin was negative 28.8% due to lower fixed cost absorption. The company ended the quarter with $11 million in cash and investments Q1 2024 Key Financial Metrics | Metric ($ in Millions, except per-share data) | Q1 2024 | Q4 2023 | Q1 2023 | | :--- | :--- | :--- | :--- | | **GAAP Revenue** | $9.8 | $2.5 | $26.7 | | **GAAP Gross Margin** | (28.8)% | (>100)% | 9.5% | | **GAAP Net Loss** | $(28.3) | $(56.1) | $(36.3) | | **GAAP Net Loss per Share** | $(0.11) | $(0.27) | $(0.19) | | **Non-GAAP Net Loss** | $(20.2) | $(58.6) | $(17.9) | | **Non-GAAP Net Loss per Share** | $(0.08) | $(0.28) | $(0.09) | | **Cash and Investments** | $11 | $31 | $64 | [Revenue](index=4&type=section&id=Revenue) Q1 2024 revenue increased sequentially, with continued growth expected in Q2 2024 - Revenue for Q1 was **$10 million**, showing a significant sequential increase from Q4 2023 driven by a rise in shipments[8](index=8&type=chunk) - The company anticipates continued momentum with expected revenue growth of more than **30% in the second quarter of 2024**[8](index=8&type=chunk) [Gross Margin](index=4&type=section&id=Gross%20Margin) Q1 2024 gross margin was negative due to fixed costs, with positive margin anticipated in Q2 2024 - Gross margin was **negative 29%** for the quarter, primarily due to the impact of lower fixed cost absorption despite increased shipments[9](index=9&type=chunk) - The company expects to achieve a **positive gross margin in Q2 2024**, driven by higher system shipments, improved material costs, and greater manufacturing efficiency[9](index=9&type=chunk) [Operating Expenses](index=4&type=section&id=Operating%20Expenses) Operating expenses saw significant sequential and year-over-year reductions, with further declines projected for Q2 2024 Q1 2024 Operating Expenses | Expense Type | Amount ($M) | Sequential Change | | :--- | :--- | :--- | | **GAAP Operating Expenses** | $18.6 | Down from $25.9 in Q4 2023 | | **Non-GAAP Operating Expenses** | $14.1 | Down 15% from Q4 2023 | - The company expects non-GAAP quarterly operating expenses to decline by more than **10% in Q2 2024** compared to Q1 2024[10](index=10&type=chunk) [Net Loss and EBITDA](index=4&type=section&id=Net%20Loss%20and%20EBITDA) The company reported GAAP and non-GAAP net losses, alongside an adjusted EBITDA loss for Q1 2024 Q1 2024 Profitability Metrics | Metric | Amount ($M) | | :--- | :--- | | **Net Loss (GAAP)** | $(28.3) | | **Non-GAAP Net Loss** | $(20.2) | | **Adjusted EBITDA** | $(11.7) | [Cash Position and Cash Flow](index=4&type=section&id=Cash%20Position%20and%20Cash%20Flow) Velo3D ended Q1 with $11 million in cash, showing improved cash flow year-over-year and expected sequential improvements - The company ended Q1 with **$11 million in cash, cash equivalents, and investments**[12](index=12&type=chunk) - First quarter cash flow (excluding financing) improved by more than **35% year-over-year** and the company expects sequential quarterly improvement in cash flow throughout 2024[12](index=12&type=chunk) [Business Outlook and Guidance](index=5&type=section&id=Business%20Outlook%20and%20Guidance) Velo3D provides its financial projections and strategic goals for 2024, including revenue and profitability targets [2024 Financial Guidance](index=5&type=section&id=2024%20Financial%20Guidance) Velo3D maintains its full-year 2024 guidance, projecting revenue between $80 million and $95 million and non-GAAP operating expenses of $40 million to $50 million. The company anticipates over 30% sequential revenue growth in Q2 and expects to achieve a gross margin of approximately 30% by Q4 2024, while reiterating its goal of reaching free cash flow breakeven in the second half of the year 2024 Financial Guidance | Metric | Guidance | | :--- | :--- | | **Q2 2024 Revenue Growth** | > 30% (sequential) | | **FY 2024 Revenue** | $80 million to $95 million | | **Q4 2024 Gross Margin** | Approx. 30% | | **FY 2024 Non-GAAP OpEx** | $40 million to $50 million | - The company reaffirms its goal to achieve **free cash flow breakeven in the second half of 2024**[13](index=13&type=chunk) [Financial Statements and Reconciliations](index=10&type=section&id=Financial%20Statements%20and%20Reconciliations) This section presents Velo3D's unaudited consolidated financial statements and reconciliations of GAAP to non-GAAP measures [Non-GAAP Reconciliations](index=10&type=section&id=Non-GAAP%20Reconciliations) This section provides detailed reconciliations of GAAP to non-GAAP financial measures. It includes tables for Non-GAAP Net Loss, which adjusts for items like stock-based compensation and fair value changes; Non-GAAP Adjusted EBITDA, which further excludes interest, taxes, and depreciation; and Non-GAAP Operating Expenses, which excludes stock-based compensation - Non-GAAP Net Loss for Q1 2024 was **$(20.2) million**, reconciled from a GAAP Net Loss of **$(28.3) million** by excluding items such as **$5.1 million in stock-based compensation** and a **$3.1 million combined loss on fair value of warrants and contingent earnout liabilities**[25](index=25&type=chunk) - Adjusted EBITDA for Q1 2024 was a loss of **$(11.7) million**, compared to a loss of **$(16.1) million in Q1 2023**[27](index=27&type=chunk) - Adjusted Operating Expenses for Q1 2024 were **$14.1 million**, reconciled from GAAP operating expenses of **$18.6 million** primarily by excluding **$4.5 million in stock-based compensation**[29](index=29&type=chunk) [Condensed Consolidated Financial Statements](index=13&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for the period ended March 31, 2024. It includes the Statement of Operations, which details revenues, costs, and net loss; the Balance Sheet, showing assets of $136.1 million and liabilities of $90.7 million; and the Statement of Cash Flows, which indicates a net cash usage of $20.5 million in operating activities Q1 2024 Statement of Operations Summary (in thousands) | Line Item | Q1 2024 | | :--- | :--- | | **Total Revenue** | $9,786 | | **Gross Profit (Loss)** | $(2,815) | | **Loss from Operations** | $(21,450) | | **Net Loss** | $(28,314) | Balance Sheet Summary as of March 31, 2024 (in thousands) | Line Item | Amount | | :--- | :--- | | **Total Current Assets** | $98,345 | | **Total Assets** | $136,148 | | **Total Current Liabilities** | $60,858 | | **Total Liabilities** | $90,698 | | **Total Stockholders' Equity** | $45,450 | - Net cash used in operating activities was **$(20.5) million** for the three months ended March 31, 2024, an improvement from **$(30.8) million** in the prior year period[34](index=34&type=chunk) [Appendix](index=6&type=section&id=Appendix) This section provides background information on Velo3D and important disclaimers regarding forward-looking statements and non-GAAP financial measures [About Velo3D](index=6&type=section&id=About%20Velo3D) Velo3D is a metal 3D printing technology company specializing in additive manufacturing (AM) for mission-critical parts. Their integrated solution, including Flow software, Sapphire printers, and Assure quality control, enables innovation in industries like space exploration, aviation, and energy. Key partners include SpaceX, Honeywell, and Lam Research - Velo3D is a metal 3D printing technology company focused on additive manufacturing for high-value metal parts, overcoming limitations of legacy AM technology[16](index=16&type=chunk) - The company's fully integrated solution includes Flow print preparation software, the Sapphire family of printers, and the Assure quality control system[17](index=17&type=chunk) - Velo3D serves customers in space exploration, aviation, power generation, energy, and semiconductor industries, with strategic partners like SpaceX, Honeywell, and Lam Research[17](index=17&type=chunk) [Forward-Looking Statements and Non-GAAP Information](index=8&type=section&id=Forward-Looking%20Statements%20and%20Non-GAAP%20Information) This section contains standard legal disclaimers. It cautions investors that the press release includes "forward-looking statements" subject to significant risks and uncertainties, and that actual results may differ materially. It also explains the company's use of non-GAAP financial measures like Adjusted EBITDA and Non-GAAP Net Loss, stating they are supplemental to GAAP results and providing a rationale for their use - The press release contains forward-looking statements regarding guidance, performance, and strategic initiatives, which are subject to significant risks and uncertainties that could cause actual results to differ materially[20](index=20&type=chunk) - The company uses non-GAAP financial measures such as Non-GAAP Net Loss, EBITDA, and Adjusted EBITDA as supplemental information and advises that they should not be considered in isolation from, or as a substitute for, GAAP measures[22](index=22&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-K _____________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39757 Velo3D, Inc. ______________________________ (Exact name of registrant as specified in its charter) D ...

Exhibit 99.1 Velo3D Announces Fourth Quarter and Fiscal Year 2023 Financial Results Successfully Executing on Strategic Realignment Priorities Strategic Review Remains Ongoing – Board of Directors in Discussions with Multiple Parties to Maximize Stockholder Value FREMONT, Calif., March 26, 2024 - Velo3D, Inc. (NYSE: VLD), a leading additive manufacturing technology company for mission-critical metal parts, today announced financial results for its fourth quarter and fiscal year 2023 ended December 31, 2023. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _____________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 001-39757 Velo3D, Inc. ______________________________ (Exact name of registrant as spec ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _____________________________ (Mark One) For the transition period from ____ to ____ Commission File Number: 001-39757 Velo3D, Inc. ______________________________ (Exact name of registrant as specified in its charter) Delaware 98-1556965 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 511 Division Street, Campbell, CA 95008 (Address of Principal Executive Offices) (Zip Code) ...

[Part I. Financial Information](index=4&type=section&id=Part%20I.%20Financial%20Information) [Financial Statements (unaudited)](index=7&type=section&id=Item%201.%20Financial%20Statements%20%28unaudited%29) This section presents Velo3D, Inc.'s unaudited condensed consolidated financial statements for the quarter ended March 31, 2023, reporting a **$36.2 million** net loss and sufficient liquidity for the next twelve months Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $37,139 | $31,983 | | Short-term investments | $26,870 | $48,214 | | Inventories | $73,937 | $71,202 | | Total current assets | $164,924 | $172,922 | | Total assets | $213,726 | $225,114 | | **Liabilities & Stockholders' Equity** | | | | Total current liabilities | $37,729 | $46,053 | | Total liabilities | $91,786 | $84,268 | | Total stockholders' equity | $121,940 | $140,846 | Condensed Consolidated Statements of Operations (in thousands, except per share data) | Metric | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | Total Revenue | $26,814 | $12,218 | | Gross profit | $2,925 | $15 | | Loss from operations | $(24,123) | $(28,173) | | Net loss | $(36,198) | $(65,341) | | Net loss per share (Basic & Diluted) | $(0.19) | $(0.36) | Condensed Consolidated Statements of Cash Flows (in thousands) | Activity | Three months ended March 31, 2023 | Three months ended March 31, 2022 | | :--- | :--- | :--- | | Net cash used in operating activities | $(30,834) | $(30,107) | | Net cash provided by (used in) investing activities | $20,962 | $(72,709) | | Net cash provided by (used in) financing activities | $15,034 | $(367) | | Net change in cash and cash equivalents | $5,156 | $(103,176) | - The company produces metal additive 3D printers for high-value parts in industries like space, aviation, and energy, also providing support services[27](index=27&type=chunk) - The company has incurred losses and negative cash flows from operations since inception, with an accumulated deficit of **$256.0 million** as of March 31, 2023[31](index=31&type=chunk) - An At-the-Market (ATM) offering initiated in February 2023 raised **$10.5 million** net of costs by March 31, 2023, with management believing current and future cash will be sufficient for at least the **next 12 months**[33](index=33&type=chunk)[35](index=35&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=34&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2023 financial performance, noting a **119.5% revenue increase** to **$26.8 million**, improved gross margin to **10.9%**, ongoing customer concentration, and sufficient liquidity for the next twelve months despite historical losses, alongside recent debt facility modifications - Velo3D produces a fully integrated hardware and software solution using proprietary laser powder bed fusion (L-PBF) technology for complex, mission-critical metal parts in industries like space, aviation, and defense[141](index=141&type=chunk)[142](index=142&type=chunk) Key Financial and Operational Metrics | Metric | Three months ended March 31, 2023 | Three months ended March 31, 2022 | | :--- | :--- | :--- | | Revenue ($ in millions) | $27 | $12 | | Bookings ($ in millions) | $20 | $12 | | Backlog ($ in millions) as of March 31 | $24 | $34 | - Sales to the top three customers accounted for **44.9%** of revenue in Q1 2023, indicating significant customer concentration[149](index=149&type=chunk) Results of Operations Comparison (in thousands) | Metric | Q1 2023 | Q1 2022 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Total Revenue | $26,814 | $12,218 | $14,596 | 119.5% | | Gross Profit | $2,925 | $15 | $2,910 | 19400.0% | | Loss from Operations | $(24,123) | $(28,173) | $4,050 | (14.4)% | | Net Loss | $(36,198) | $(65,341) | $29,143 | (44.6)% | - The revenue increase was driven by higher production volumes and a product mix shift towards higher-priced Sapphire XC and Sapphire XC 1MZ systems[183](index=183&type=chunk) - As of March 31, 2023, the company had **$64.0 million** in cash, cash equivalents, and short-term investments, which management believes is sufficient for working capital and capital expenditure requirements for at least the **next twelve months**[210](index=210&type=chunk)[213](index=213&type=chunk) - The company has an "at-the-market" (ATM) offering program to sell up to **$40.0 million** of common stock, and in April 2023, drew an additional **$5.0 million** on its revolving credit facility, leaving **$17.0 million** undrawn[212](index=212&type=chunk)[220](index=220&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=49&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Velo3D, as a smaller reporting company, is not required to provide quantitative and qualitative disclosures about market risk under SEC regulations - As a smaller reporting company, Velo3D is not required to provide the information regarding market risk as per Item 305(e) of Regulation S-K[245](index=245&type=chunk) [Controls and Procedures](index=49&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were **not effective** as of March 31, 2023, due to un-remediated material weaknesses in internal control over financial reporting, including control environment, segregation of duties, inventory, and IT general controls - Management concluded that as of March 31, 2023, the company's disclosure controls and procedures were **not effective**[247](index=247&type=chunk) - Material weaknesses in internal control over financial reporting, initially described in the 2022 Form 10-K, remain unremediated as of March 31, 2023[248](index=248&type=chunk) - The material weaknesses include an ineffective control environment, lack of segregation of duties, and ineffective controls over inventory, contract assets/liabilities, and IT general controls (user access and program change management)[249](index=249&type=chunk)[253](index=253&type=chunk) - Remediation measures are in progress, involving additional personnel, third-party assistance, and new control design and implementation, though these are not yet complete or fully tested[252](index=252&type=chunk)[253](index=253&type=chunk) [Part II. Other Information](index=52&type=section&id=Part%20II.%20Other%20Information) [Legal Proceedings](index=52&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently a party to any material legal proceedings - As of the report date, Velo3D is not a party to any material legal proceedings[257](index=257&type=chunk) [Risk Factors](index=53&type=section&id=Item%201A.%20Risk%20Factors) This section updates previously disclosed risk factors from the 2022 Form 10-K, adding specific risks related to adverse market conditions, economic uncertainty, and U.S. banking system instability, including the failure of Silicon Valley Bank - There have been no material changes to the risk factors described in the 2022 Form 10-K, except for the addition of risks related to economic uncertainty[259](index=259&type=chunk) - The company highlights that market conditions and economic downturns, including recessions, inflation, rising interest rates, and banking system instability, could adversely affect business and operating results[260](index=260&type=chunk) - The failure of several U.S. banks, including SVB in March 2023, is cited as an example of banking system instability that could threaten the company's ability to access cash or financing[263](index=263&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=54&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reports no unregistered sales or issuer purchases of its equity securities during the quarter - There were no unregistered sales of equity securities during the reporting period[265](index=265&type=chunk) - There were no issuer purchases of equity securities during the reporting period[266](index=266&type=chunk) [Defaults Upon Senior Securities](index=54&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reports no defaults upon its senior securities - None[267](index=267&type=chunk) [Mine Safety Disclosures](index=54&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to Velo3D's business operations - Not applicable[268](index=268&type=chunk) [Other Information](index=54&type=section&id=Item%205.%20Other%20Information) The company discloses two recent amendments to its loan agreement with Silicon Valley Bank, modifying depository requirements and updating financial covenants for fiscal 2023 - On April 7, 2023, the company amended its loan agreement with New SVB to reduce the requirement to maintain operating and depository accounts with the bank from **90%** to **50%** of its dollar value[269](index=269&type=chunk) - On May 5, 2023, the company entered into a fifth loan modification agreement with New SVB, updating certain financial covenants for fiscal 2023 and establishing an inventory appraisal requirement to be conducted within **90 days**[270](index=270&type=chunk) [Exhibits](index=55&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including loan agreement amendments, CEO/CFO certifications, and interactive data files - The filed exhibits include the Letter Agreement (April 7, 2023) and Fifth Loan Modification Agreement (May 5, 2023) with Silicon Valley Bank, CEO and CFO certifications, and Inline XBRL documents[274](index=274&type=chunk) [Signatures](index=56&type=section&id=Signatures) The report is duly signed on behalf of Velo3D, Inc. by its Chief Financial Officer, William McCombe, on May 10, 2023 - The report was signed by William McCombe, Chief Financial Officer, on May 10, 2023[276](index=276&type=chunk)[278](index=278&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-K _____________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39757 Velo3D, Inc. ______________________________ (Exact name of registrant as specified in its charter) D ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _____________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39757 Velo3D, Inc. ______________________________ (Exact name of registrant as specified in its charter) (State or other jurisd ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _____________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39757 Velo3D, Inc. ______________________________ (Exact name of registrant as specified in its charter) (State or other jurisdictio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _____________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39757 Velo3D, Inc. ______________________________ (Exact name of registrant as specified in its charter) (State or other jurisdicti ...