Company: VEEAW
Filing Date: 2025-08-06
Form Type: S-1/A
Source: 0001213900-25-072342
Chunk: 151

Company: VEEA INC.
Filing Date: 2025-08-06
Form: S-1/A
Chunk 151
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 surrendered in payment of the purchase price. Note Conversion Agreements On September 13, 2024, in connection with the consummation of the Business Combination, Private Veea, Plum and the holders of certain notes (the “ Private Veea Noteholders”) issued by Private Veea entered into Note Conversion Agreements, pursuant to which each Private Veea Noteholder agreed that principal and accrued interest under such notes shall convert into common stock at the Closing of the Business Combination at a per share value of $5.00, and that such shares shall be subject to a five-month lock-up period. At the Closing of the Business Combination, the notes having an aggregate of $15,739,846 in principal and accrued interest were converted into 3,147,970 shares of common stock. Certain Relationships and Related Person Transactions of Plum SPAC Private Placement Warrants Simultaneously with the closing of the Plum IPO, the Plum Sponsor purchased an aggregate of 6,256,218 SPAC Private Placement Warrants at a price of $11.50 per SPAC Private Placement Warrant in a private placement. No underwriting discounts or commissions were paid with respect to sale of the SPAC Private Placement Warrants. The issuance of the SPAC Private Placement Warrants was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended. For terms of our SPAC Private Placement Warrants, please see “ Description of Our Securities – Warrants – SPAC Private Placement Warrants.” Related Party Loans Following the Plum IPO, the Plum Sponsor and certain of its officers and directors made loans to Plum to fund its working capital requirements. At the closing of the Business Combination, $1,899,950 principal amount of such loans remained outstanding, with $250,000 of such amount paid and the remaining principal balance was converted into shares of common stock of the Company in an amount of shares equal to the outstanding principal balance divided by $5.00 per share. 95 Administrative Support Agreement Prior to the Business Combination, Plum had entered into an administrative support agreement, pursuant to which Plum paid the Plum Sponsor or an affiliate of the Plum Sponsor for office space, secretarial and administrative services provided to members of the management team. Pursuant to its terms, the Administrative Support Agreement terminated upon the Closing of the Business Combination. Certain Relationships and Related Person Transactions of the Company The board of directors of the Company has adopted a written related-party transactions policy that conforms with the requirements for issuers having