Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 209

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 209
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108,072 |
| Series A Preferred Stock   |     |                         |  35,920,813 |     |             | 35,920,813 |     | $            | 46,210,448 |     | $           | 55,318,051 |
| Common Stock               |     |                         | 117,742,034 |     |             |  7,203,514 |     | $            |  2,511,549 |     |             |          - |

Dividends

The holders of the Company’s
common stock and preferred stock are entitled to receive dividends when and as declared by the Company’s Board of Directors. No
dividends were declared or paid in the years ended December 31, 2023 and December 31, 2022.

<div align='center'>F-22

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

8 - STOCKHOLDERS’ EQUITY(cont.)

Preferred Stock

The Company’s Fourth Amended
and Restated Certificate of Incorporation has designated three series of preferred stock: the Series A Preferred Stock, par value
$ per share (the “Series A Preferred Stock”), the Series A-1 Preferred Stock, par value $ per share
(the “Series A-1 Preferred Stock”), and the Series A-2 Preferred Stock, par value $ per share (the “Series A-2
Preferred Stock” collectively, with the Series A-1 Preferred Stock, the “Preferred Stock”).

Voting

The Preferred Stock is entitled
to cast the number of votes equal to the number of whole shares of Common Stock into which the shares of Preferred Stock are convertible
as of the record date for determining stockholders entitled to vote.

Election of Directors

The holders of record of
shares of Series A-2 Preferred Stock have no right to elect directors. The holders of record of shares of Series A-1 Preferred
Stock, exclusively and as a separate class, are entitled to elect one director of the Company. The holders of record of shares of Series A
Preferred Stock, exclusively and as a separate class, are entitled to elect two directors of the Corporation. The holders of record of
shares of Common Stock, exclusively and as a separate class, shall be entitled to elect two directors of the Corporation.

Optional Conversion

Each share of Preferred
Stock is convertible, at the option