Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 68

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 68
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 have the ability
to redeem outstanding Public Warrants at any time after they become exercisable and prior to their expiration, at a price of $0.01 per
Warrant, provided that the last reported sales price of the Common Stock equals or exceeds $18.00 per 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 a 30 trading-day period
ending on the third trading day prior to the date Veea sends the notice of redemption to the Public Warrant holders. If and when the
Public Warrants become redeemable by Veea, Veea may exercise its redemption right even if Veea is unable to register or qualify the underlying
securities for sale under all applicable state securities laws. Redemption of the outstanding Public Warrants could force a Public Warrant
holder to: (i) exercise its Public Warrants and pay the exercise price at a time when it may be disadvantageous for such Public Warrant
holder to do so; (ii) sell its Public Warrants at the then-current market price when a warrant holder might otherwise wish to hold its
Warrants; or (iii) accept the nominal redemption price which, at the time the outstanding Public Warrants are called for redemption,
is likely to be substantially less than the market value of a Public Warrant holder’s Public Warrants. None of the Private Placement
Warrants will be redeemable by Veea so long as they are held by their initial purchasers or their permitted transferees.

The value received upon
exercise of the Public Warrants (1) may be less than the value the holders would have received if they had exercised their Public Warrants
at a later time where the underlying share price is higher and (2) may not compensate the holders for the value of the Public Warrants.

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A Public Warrant holder may only be able to exercise its Public Warrants on a “cashless basis” under certain circumstances, and if a Public Warrant holder does so, such Public Warrant holder will receive fewer the Common Stock from such exercise than if a Public Warrant holder were to exercise such Public Warrants for cash.

The Warrant Agreement provides
that in the following circumstances holders of Warrants who seek to exercise their Public Warrants will not be permitted to do so for
cash and will, instead, be required to do so on a cashless basis in accordance with Section