Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 184

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 184
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 shares of Series A-2 Preferred Stock. Following the Closing, holders of the Company capital stock as of immediately
prior to the Closing (excluding holders of the Company’s Series A-2 Preferred Stock) will have the contingent right to receive
up to 4.5 million additional shares of Combined Company common stock if certain trading-price based milestones of the Combined Company’s
common stock are achieved during the ten-year period following the Closing, as set forth in the Business Combination Agreement. Proceeds
from the proposed Business Combination and financing transactions are expected to support the Combined Company in its business plans.

Current equity holders of
the Company are expected to own a majority of the outstanding capital stock of the Combined Company immediately after the Closing and
the Company will appoint a majority of the members of the board of directors of the Combined Company in accordance with the terms of
the Business Combination Agreement. The parties expect the Business Combination to be consummated during the first half of 2024, following
satisfaction of certain closing conditions set forth in the Business Combination Agreement, including, without limitation, approval by
shareholders of Plum and stockholders of the Company, the effectiveness of a registration statement to be filed by Plum with the Securities
and Exchange Commission in connection with the transaction, the expiration of any HSR Act waiting period and other customary closing
conditions.

<div align='center'>F-9

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

2 - LIQUIDITY AND MANAGEMENT’S PLAN

During the years ended
December 31, 2023 and 2022, the Company has incurred net losses of $15,638,589 and $35,200,039, respectively, and had an accumulated
deficit of $170,282,750 as of December 31, 2023. The Company expects to continue to incur net losses as it continues to grow and
scale its business. Historically, the Company’s activities have been financed through private placements of equity securities and
debt to related parties. In October 2023, the Company commenced a private placement for the sale of its newly designated Series A-2
Preferred Stock, par value $.00001 per share (the “Series A-2 Preferred Stock”). As of December 31, 2023, the Company has
(1) issued 12,660,067 shares of Series A-2 Preferred Stock in consideration