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Reverse Recapitalization (Tables) | 9 Months Ended
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Sep. 30, 2022
Reverse Recapitalization [Abstract] |
Schedule of Shares Issued in Merger | The number of shares of common stock issued immediately following the consummation of the Merger was:
| Shares
Public shares, outstanding prior to Merger | 34,500,000 |
Less redemption of public shares | (18,215,868) |
Public shares following redemptions | 16,284,132 |
Shares issued in PIPE Financing | 15,500,000 |
Public shares and PIPE Financing Shares | 31,784,132 |
Founder Shares | 8,625,000 |
Legacy Velo3D shares (1) | 142,754,694 |
Total shares of common stock immediately after Merger | 183,163,826 |
(1) Upon consummation of the Merger, 175,173,445 Legacy Velo3D shares were exchanged at the Exchange Ratio and fractional shares were rounded to whole shares.

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