Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 267

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 267
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Dividend Yield - The Company
has not declared or paid dividends to date and does not anticipate declaring dividends. As such, the dividend yield has been estimated
to be .

10 - WARRANTS

As part of Plum’s initial
public offering (“IPO”), Plum issued warrants to third-party investors where each whole warrant entitles the holder to purchase
share of the Company’s common stock at an exercise price of $ per share (the “Public Warrants”). Simultaneously
with the closing of the IPO, Plum completed the private sale of warrants (the “Private Placement Warrants” and together with
the Public Warrants, the “Warrants”) where each Private Placement Warrant allows the holder to purchase share of the
Company’s common stock at $ per share. At September 30, 2024, there are Public Warrants and Private Placement
Warrants outstanding.

The Public Warrants become exercisable
at $ per share, subject to adjustment, at any time commencing after ; provided that the Company has an effective registration
statement under the Securities Act covering the shares of Common Stock issuable upon exercise of the Public Warrants and a current prospectus
relating to them is available (or the Company permits holders to exercise their warrants on a cashless basis under the circumstances
specified in the warrant agreement) and such shares are registered, qualified or exempt from registration under the securities, or blue
sky, laws of the state of residence of the holder. The warrants will expire five years after the completion of the Business Combination
or earlier upon redemption or liquidation.

The Company has agreed that as soon
as practicable, but in no event later than twenty business days after the closing of the Business Combination, it will use commercially
reasonable efforts to file with the SEC a registration statement for the registration, under the Securities Act, of the shares of Common
Stock issuable upon exercise of the warrants, and the Company will use its commercially reasonable efforts to cause the same to become
effective within business days after the closing of the Business Combination, and to maintain the effectiveness of such registration
statement and a current prospectus relating to those shares of Common Stock until the warrants expire or are redeemed, as specified in
the warrant agreement, provided that if the shares of Common Stock are at the time of any exercise of a warrant not listed on a national
securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the
Securities Act, the Company