Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 146

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 146
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 March 30, 2026, to regain compliance
with the MVPHS Rule. To regain compliance during this 180-day compliance period, the minimum market value of publicly held shares must
close at $15,000,000 or more for a minimum of 10 consecutive business days.

On September 29, 2025, we
received a deficiency letter from the Staff notifying the Company that, for at least 30 consecutive business days, our Market Value of
Listed Securities (“MVLS”) was below the $50 million minimum requirement for continued inclusion on The Nasdaq Global Market
pursuant to Nasdaq Listing Rule 5450(b)(2)(A) (the “MVLS Requirement”). The notice has no immediate effect on the listing
of our securities on The Nasdaq Global Market and the securities will continue to trade on The Nasdaq Global Market at this time. Pursuant
to Nasdaq Listing Rule 5810(c)(3)(C), we have been provided a period of 180 calendar days, or until March 30, 2026, to regain compliance
with the MVLS Requirement. If at anytime during this compliance period our MVLS closes at $50 million or more for a minimum of ten consecutive
business days, Nasdaq will provide us written confirmation of compliance. If we do not regain compliance with the MVLS Requirement, its
securities will be subject to delisting.

There can be no assurance
that we will continue to meet the Bid Price Requirement, the MVPHS Rule, the MVLS Requirement or any other Nasdaq continued listing requirements,
in the future. If we fail to meet any of these requirements, including the Bid Price Requirement, the MVPHS Rule or the MVLS Requirement,
Nasdaq may again notify us that we have failed to meet the minimum listing requirements and initiate the delisting process. If our common
stock were delisted from Nasdaq, trading of our common stock and Public Warrants could be conducted in the over-the-counter market or
on an electronic bulletin board established for unlisted securities such as the Pink Sheets or the OTC Bulletin Board, but there can be
no assurance that our common stock and Public Warrants will be eligible for trading on such alternative exchange or market. Additionally,
if our common stock were delisted from Nasdaq, the liquidity of our common stock would be adversely affected, the market price of our
common stock could decrease, our ability to obtain sufficient additional capital to fund our operations and to continue