Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 204

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 204
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 of the assets of the Company and its subsidiaries (taken as a whole) or (3) a sale or other disposition of one or more
subsidiaries of the Company representing substantially all of the assets of the Company and its subsidiaries, taken as a whole (each
such transaction being, a “Deemed Liquidation”) before payment to the Series A Preferred Stock, up to $1.83 per share
for the Series A-2 Preferred Stock and up to $2.00 per share for the Series A-1 Preferred Stock (subject, in each case, to
appropriate adjustment stock split, stock dividend, combination, reclassification, or similar event). Thereafter, the Series A Preferred
Stock is entitled to receive its liquidation preference from the Deemed Liquidation before payment to the Common Stock up to $1.54 per
share (subject to appropriate adjustment in the event of a stock split, stock dividend, combination, reclassification, or similar event).
After payment to the Preferred Stock, the remaining proceeds of the Deemed Liquidation are payable to the Common Stock on a pro ratabasis.

Redemption

The Preferred Stock is not
mandatorily redeemable in the event of a Deemed Liquidation that does not result in a dissolution of the Company. The redemption
features are contingent upon the occurrence of certain events which are under the control of the Company, therefore the Preferred Stock
is classified as permanent equity on the consolidated balance sheet.

Protective Provisions

The affirmative consent of at
least 66 2/3% of the outstanding Preferred Stock consenting or voting (as the case may be) together as a single class on an as converted
basis is required: (i) to liquidate, dissolve or wind-up the business and affairs of the Company, or consolidation or a Deemed Liquidation
Event, or consent to any of the foregoing; (ii) amend, alter or repeal any provision of the Certificate of Incorporation or Bylaws
in a manner that adversely affects the powers, preferences or special rights of the Preferred Stock; (iii) create, or authorize
the creation of, issue or obligate itself to issue shares of, any additional class or series of capital stock (or any security convertible
or exercisable or exchangeable for any class or series of capital stock) unless the same ranks junior to or pari passuwith the
Preferred Stock with respect to the distribution of assets on the liquidation, dissolution or winding up of the Company, the payment
of