Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 269

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 269
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 of 30 days’ prior written notice of redemption provided that holders will be able to exercise their warrants                       
 on a cashless basis prior to redemption and receive that number of shares, based on the redemption date and the “fair market                 
 value” (as defined above) of our Common Stock;                                                                                               |
| ● | if, and only if, the closing                                                                                                                 
 price of our Common Stock equals or exceeds $10.00 per public share (as adjusted for adjustments to the number of shares issuable            
 upon exercise or the exercise price of a warrant) for any 20 trading days within the 30-trading day period ending three trading days         
 before the Company sends the notice of redemption to the warrant holders; and                                                                |
| ● | if the closing price of                                                                                                                      
 our Common Stock for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on                 
 which the Company sends the notice of redemption to the warrant holders is less than $18.00 per share (as adjusted for adjustments           
 to the number of shares issuable upon exercise or the exercise price of a warrant), the Private Placement Warrants must also be concurrently 
 called for redemption on the same terms as the outstanding Public Warrants, as described above.                                              |

The Private Placement Warrants were
initially issued in the same form as the Public Warrants with the exception that the Private Warrants: (i) would not be redeemable by
the Company and (ii) may be exercised for cash or on a cashless baseless so long as they are held by the initial purchasers or their
permitted transferees, the Private Warrants will be redeemable by the Company and exercisable by the holders on the same basis as the
Public Warrants.

The Public Warrants were initially
classified as a derivative liability instrument. Upon the closing of the Business Combination, the Public Warrants in accordance with
the guidance contained in ASC 815 are no longer precluded from equity classification. Equity-classified contracts are initially measured
at fair value (or allocated value). Subsequent changes in fair value are not recognized as long as the contracts continue to be classified
in equity.

The Company continues to recognize the
Private Placement Warrants as liabilities at fair value as of the Closing Date, with an offsetting entry to additional paid-in capital
and adjusts the carrying value of the instruments to fair value through other income (expense) on the condensed consolidated statement
of operations at each reporting period