Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 67

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 67
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holders have substantial control over Veea, which could limit Veea’s ability to influence the outcome of key transactions, including a change of control.

Veea’s executive officers, directors and
principal stockholders and their affiliates own 21,012,263 shares of Veea’s Common Stock, or approximately 58.8% of the outstanding
shares of the Common Stock. As a result, these stockholders will be able to exercise a significant level of control over all matters requiring
stockholder approval, including the election of directors and the approval of mergers, acquisitions or other extraordinary transactions.
They may also have interests that differ from yours and may vote in a way with which you disagree and which may be adverse to Veea’s
interests. This concentration of ownership may have the effect of delaying, preventing or deterring a change of control of Veea, could
deprive Veea’s stockholders of an opportunity to receive a premium for their common stock as part of a sale of Veea and might ultimately
affect the market price of the Common Stock.

Warrants exercised for Common Stock would increase the number of shares eligible for future resale in the public market and result in dilution to its shareholders.

Outstanding Warrants to
purchase an aggregate of 12,640,544 shares of the Common Stock are exercisable in accordance with the terms of the Warrant Agreement.
The exercise price of these Warrants is $11.50 per share. To the extent such Warrants are exercised, additional shares of the Common
Stock will be issued, which will result in dilution to the holders of the Common Stock and increase the number of shares eligible for
resale in the public market. Sales of substantial numbers of such shares in the public market or the fact that such Warrants may be exercised
could adversely affect the prevailing market prices of the Common Stock. However, there is no guarantee that the Warrants will ever be
in the money prior to their expiration, and as such, the Warrants may expire worthless. See “- The terms of the Warrants may be amended in a manner adverse to a holder if holders of at least 50% of the then outstanding Public Warrants approve of such amendment.”

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The terms of the Warrants may be amended in a manner adverse to a holder if holders of at least 50% of the then outstanding Public Warrants approve of such amendment.

The Public Warrants were issued in registered
form under a Warrant Agreement