Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 68

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 68
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 between Continental, as warrant agent, and Plum. The Warrant Agreement provides that the terms of the Warrants
may be amended without 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