Company: VEEAW
Filing Date: 2025-12-04
Form Type: DEF 14A
Source: 0001213900-25-118382
Chunk: 48

Company: VEEA INC.
Filing Date: 2025-12-04
Form: DEF 14A
Chunk 48
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 recognized as original issue discount on the Bridge Notes in the year ended December 31, 2024. At the Closing of the Business Combination, the Related Party Private Veea Common Stock Warrants were exercised in whole, on a net basis, for 3,880,000 shares of common stock of Private Veea at a conversion price of $0.01 per share for an aggregate purchase price of $38,800, and a total of 21,798 shares of common stock were 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 Acquisition Corp. I, the predecessor of the Company (“ 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 warrants (the “ 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. 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 securities listed on Nasdaq. Under the policy, the Company’s audit committee serves as the approval authority for related party transactions, provided that, if the related party is, or is associated with, a member of the audit committee, the Company’s nominating and governance committee will serve as the approval authority for such transaction. The Company’s legal department is responsible for compiling and maintaining a master list