VELO · Velo3D, Inc.

Velo3D, Inc. entered into an underwriting agreement with Cantor Fitzgerald & Co. to conduct a firm commitment underwritten registered direct offering of 3,571,428 shares of common stock at $14.00 per share. The gross proceeds are expected to be approximately $50 million, before underwriting discounts and commissions of 6.0% and other offering expenses. The offering is being made under an effective shelf registration statement on Form S-3 (File No. 333-294876) and a prospectus supplement filed on April 27, 2026. The company intends to use the net proceeds for working capital and general corporate purposes. The offering is expected to close on April 28, 2026, subject to customary closing conditions. The underwriting agreement includes a 60-day lock-up period for the company and its directors, executive officers, and certain stockholders, restricting the sale or transfer of common stock without the underwriter's consent. This capital raise provides Velo3D with additional liquidity to support its operations and growth initiatives in the metal additive manufacturing market.