Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 274

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 274
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’s
executive officers, directors and principal stockholders and their affiliates own 23,053,759 shares of Veea’s Common Stock, or approximately
38.75% of the outstanding shares of the Common Stock. As a result, these stockholders will be able to exercise a significant  level
of control over all matters requiring stockholder approval, including the election of directors and the approval of mergers, acquisitions
or other extraordinary transactions. They may also have interests that differ from yours and may vote in a way with which you disagree
and which may be adverse to Veea’s interests. This concentration of ownership may have the effect of delaying, preventing or deterring
a change of control of Veea, could deprive Veea’s stockholders of an opportunity to receive a premium for their common stock as
part of a sale of Veea and might ultimately affect the market price of the Common Stock.

43

Warrants
exercised for Common Stock would increase the number of shares eligible for future resale in the public market and result in dilution
to its shareholders.

Outstanding
Warrants to purchase an aggregate of 11,640,544 shares of the Common Stock are exercisable in accordance with the terms of the Warrant
Agreement. The exercise price of these Warrants is $11.50 per share. To the extent such Warrants are exercised, additional shares of
the Common Stock will be issued, which will result in dilution to the holders of the Common Stock and increase the number of shares eligible
for resale in the public market. Sales of substantial numbers of such shares in the public market or the fact that such Warrants may
be exercised could adversely affect the prevailing market prices of the Common Stock. However, there is no guarantee that the Warrants
will ever be in the money prior to their expiration, and as such, the Warrants may expire worthless. See “- The terms of the
Warrants may be amended in a manner adverse to a holder if holders of at least 50% of the then outstanding Public Warrants approve of
such amendment.”

The
terms of the Warrants may be amended in a manner adverse to a holder if holders of at least 50% of the then outstanding Public Warrants
approve of such amendment.

The
Public Warrants were issued in registered form under a Warrant Agreement between Transfer Agent, as warrant agent, and Plum. The Warrant
Agreement provides that the terms of the Warrants may be amended without