Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 275

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 275
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 the consent of any holder to cure any ambiguity or correct any
defective provision or correct any mistake but requires the approval by the holders of at least 50% of the then-outstanding Public Warrants
to make any change that adversely affects the interests of the registered holders of Public Warrants. Accordingly, the Company may amend
the terms of the Public Warrants in a manner adverse to a holder if holders of at least 50% of the then-outstanding Public Warrants approve
of such amendment and, solely with respect to any amendment to the terms of the Private Placement Warrants or any provision of the Warrant
Agreement with respect to the Private Placement Warrants, 50% of the number of the then outstanding Private Placement Warrants. Although
the Company’s ability to amend the terms of the Public Warrants with the consent of at least 50% of the then-outstanding Public
Warrants is unlimited, examples of such amendments could be amendments to, among other things, increase the exercise price of the Warrants,
convert the Warrants into cash, shorten the exercise period or decrease the number of shares of the Common Stock purchasable upon exercise
of a Warrant.

Veea
may redeem a Public Warrant holder’s unexpired Public Warrants prior to their exercise at a time that may be disadvantageous to
such Public Warrant holder, thereby making its Public Warrants worthless.

Veea
will 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