Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1941

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9A
Chunk 1941
---
 of common stock issued immediately following the
consummation of the Business Combination were:

    Plum Class A common stock, outstanding
    prior to the Business Combination 
     3,255,593 
  
    Less: Redemption of
    Plum Class A common stock 
     (2,652,516)
  
    Class A common stock of Plum 
     603,077 
  
    Plum Class A common
    stock, outstanding prior the Business Combination 
     6,102,562 
  
    Business Combination shares 
     6,705,639 
  
    Veea Shares 
     22,133,644 
  
    Issuance of new financing shares 
     2,000,000 
  
    Conversion of debt for Common Stock 
     3,147,970 
  
    Conversion of Sponsor Notes for Common Stock 
     817,453 
  
    Common Stock issued
    for services 
     857,052 
  
    Common
    Stock immediately after the Business Combination 
     35,661,757 

The
number of Veea shares was determined as follows:

    Private
Veea
Shares  
    Veea
    Shares after conversion ratio 
  
    Private Veea Series A-2 Preferred
    Stock 
     19,670,118  
     4,799,511 
  
    Private Veea Series A-1 Preferred Stock 
     41,179,790  
     8,078,761 
  
    Private Veea Series A Preferred Stock 
     35,920,813  
     7,047,041 
  
    Private Veea Common Stock 
     7,398,303  
     1,451,419 
  
    Private Veea Common Stock
    Warrants 
     3,858,202  
     756,912 
  
    Total 
     108,027,226  
     22,133,644 

F-18

Veea
Inc. and Subsidiaries

Notes
to the Consolidated Financial Statements 

For
the Years ended December 31, 2024 and 2023

Public
and private placement warrants

The
6,384,326 Public Warrants issued at the time of Plum’s initial public offering, and 6,256,218 warrants issued in connection with
private placement at the time of Plum’s initial public offering (the “Private Placement Warrants”)