Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 70

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 70
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 by the excess
of the “fair market value” of the Common Stock (as defined in the next sentence) over the exercise price of the Public Warrants
by (y) the fair market value and (B) 0.361. The “fair market value” is the average reported closing price of the Common Stock
for the 10 trading-days ending on the third trading-day prior to the date on which the notice of redemption is sent to the holders of
the Public Warrants. As a result, you would receive fewer shares of the Common Stock from such exercise than if you were to exercise such
Public Warrants for cash.

There can be no assurance that the Public Warrants will be in the money at the time they become exercisable, and they may expire worthless.

The exercise price for the outstanding Public
Warrants is $11.50 per share. There can be no assurance that such Public Warrants will be in the money following the time they become
exercisable and prior to their expiration, and as such, the Public Warrants may expire worthless.

The Warrant Agreement designates the courts of the State of New York or the United States District Court for the Southern District of New York as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by holders of its Warrants, which could limit the ability of warrant holders to obtain a favorable judicial forum for disputes with Plum.

Warrant Agreement provides that, subject to applicable
law, (i) any action, proceeding or claim against Plum arising out of or relating in any way to the Warrant Agreement, including under
the Securities Act, will be brought and enforced in the courts of the State of New York or the United States District Court for the Southern
District of New York, and (ii) that Plum irrevocably submits to such jurisdiction, which jurisdiction shall be the exclusive forum for
any such action, proceeding or claim. Plum will waive any objection to such exclusive jurisdiction and that such courts represent an inconvenient
forum.

Notwithstanding the foregoing, these provisions
of the Warrant Agreement will not apply to suits brought to enforce any liability or duty created by the Exchange Act or any other claim
for which the federal district courts of the United States of America are the sole and exclusive forum. Any person or entity purchasing
or otherwise acquiring any interest in any of its Warrants shall be deemed to have notice of and to have consented to the forum provisions
in its Warrant Agreement. If any action,