Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 206

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 206
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 615,011 |
| Options vested and exerciseable - December 31, 2023 |     |             | 345,531 |   |     | $        | 0.0001 |     |             | 3.68 |     | $         | 615,011 |
| Options vested and exerciseable - December 31, 2022 |     |             | 385,531 |   |     | $        | 0.0001 |     |             | 4.68 |     | $         | 277,544 |

The Company had no stock
compensation expense related to the 2014 Plan stock options for the years ended December 31, 2023 and 2022. The Company had
no unrecognized expense related to unvested options outstanding as of December 31, 2023.

Veea Inc. 2018 Equity Incentive Plan

On September 6, 2018,
the Company’s Board of Directors adopted the Veea Inc. 2018 Equity Incentive Plan (“2018 Plan”). Upon adoption of the
2018 Plan 4,900,000 shares of the Company’s common stock were reserved for the issuance of incentive awards. In January 2021,
the 2018 Plan was amended to increase the total number of authorized shares reserved for issuance to 12,492,910.

<div align='center'>F-25

Veea Inc. and Subsidiaries
Notes to Consolidated Financial Statements
Years Ended December 31, 2023 and 2022</div>

9 - STOCK-BASED COMPENSATION (cont.)

The table below summarizes
the activities of the 2018 Plan during the years ended December 31, 2023 and 2022:

|                                                    |     | Number      
 of Options  
 (in Shares) |           |   |     | Weighted 
 Average  
 Exercise 
 Price    |      |     | Weighted    
 Average     
 Remaining   
 Contractual 
 Terms       
 (in Years)  |      |     | Aggregate 
 Intrinsic 
 Values    |           |
|:---------------------------------------------------|:----|:------------|----------:|:--|:----|:---------|-----:|:----|:------------|-----:|:----|:----------|----------:|
| Balances as of January 1, 2022                     |     |             | 7,048,675 |   |     | $        | 0