Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 202

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 202
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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
$.00001 per share (the “Series A Preferred Stock”), the Series A-1 Preferred Stock, par value $.00001 per share
(the “Series A-1 Preferred Stock”), and the Series A-2 Preferred Stock, par value $.00001 per share (the “Series A-2
Preferred Stock” collectively, with the 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 of the holder thereof, at any time into shares of Common Stock on a 1:1 basis.

Mandatory Conversion

Upon either (a) the
closing of the sale of shares of the Company’s common stock to the public at a price equal to two hundred percent (200%) of the
issuance price of the Company’s Series A-1 Preferred Stock (subject to appropriate adjustment in the event of any stock dividend,
stock split, combination or other similar recapitalization), in a firm-commitment underwritten public offering pursuant to an effective
registration statement under the Securities Act of 1933, as amended, that results in the Company receiving at least $25 million
of gross proceeds, net of the