Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 307

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 307
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A) the quotient obtained by dividing (x) the product of the number of Class A ordinary shares underlying the warrants, multiplied by the excess of the “fair market value” (as defined below) less the exercise price of the warrants by (y) the fair market value and (B) 0.361. The “fair market value” as used in this paragraph shall mean the volume weighted average price of the Class A ordinary shares for the 10 trading days ending on the trading day prior to the date on which the notice of exercise is received by the warrant agent.

In no event will the Company be required to net cash settle any warrant. In the event that a registration statement is not effective for the exercised warrants, the purchaser of a unit containing such warrant will have paid the full purchase price for the unit solely for the Class A ordinary share underlying such unit.

Redemption of Warrants When the Price per Class A Ordinary Share Equals or Exceeds $18.00

Once the warrants become exercisable, the Company may redeem the outstanding warrants (except with respect to the Private Placement Warrants):

| ● | in whole and not in part;                                                                                                        |
| ● | at a price of $0.01 per                                                                                                          
 warrant;                                                                                                                         |
| ● | upon not less than 30 days’                                                                                                      
 prior written notice of redemption to each warrant holder; and                                                                   |
| ● | if, and only if, the last                                                                                                        
 reported sale price of the Class A ordinary shares 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 three trading days before the Company sends the notice of redemption to the warrant holders.                              |

Redemption of Warrants When the Price per Class A Ordinary Share Equals or Exceeds $10.00

Once the warrants become exercisable, the Company may redeem the outstanding warrants:

| ● | in whole and not in part;                                                                                                          |
| ● | at $0.10 per warrant upon                                                                                                          
 a minimum 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” of our Class A ordinary shares (as defined above);                                                                          |
| ● | if, and only if, the closing