Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 316

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 316
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.5% of the volume weighted
average stock price for the three consecutive business days after a purchase notice is given, (ii) 98% of the volume weighted average
stock price on the day a notice is delivered, or (iii) the lowest traded price for a given purchase date.

During the three months ended
March 31, 2025, the Company issued 27,498 ELOC Commitment Shares (as defined below) to White Lion in payment of its commitment fee and
sold 240,500 shares to White Lion under the ELOC Program for aggregate proceeds of $604,426, with the stock price of shares purchased
by the White Lion ranging from $1.79 per share to $3.31 per share.

The Company controls the
timing and amount of any sales to White Lion, which depended on a variety of factors including, among other things, market conditions,
the trading price of the Company’s common stock, and determinations by the Company as to appropriate sources of funding for its
business and operations. However, White Lion’s obligation to purchase shares is subject to certain conditions, including the daily
trading volume of the Company’s stock. In all instances, the Company may not sell shares of its common stock under the ELOC Purchase
Agreement if it would result in White Lion and its affiliate beneficially owning more than 4.99% of its outstanding voting power or shares
of common stock at any one point in time, or the aggregate number of shares of common stock would not exceed 19.99% of the voting power
of the issued and outstanding common.

As of May 31, 2025, the Company
had sold a total of 358,000 shares of common stock under the ELOC Program.

Shares Issued to Vendors

In connection with the consummation
of the Business Combination, the Company issued 66,667 shares of common stock to a certain vendor and 175,000 shares of common stock
to another vendor, in satisfaction of certain obligations owed to such vendors.

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Item 16. Exhibits and Financial Statement Schedules.

| Exhibit |     |                                                                                                                                       |     | Incorporated 
 by Reference |     |         |     |                    |
| Number  |     | Description                                                                                                                           |     | Form         |     | Exhibit |     | Filing             
 Date               |
| 1.1*    |     | Form of Placement Agency                                                                                                              
 Agreement