Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 69

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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 value of publicly held shares for the previous 30 consecutive
business days, the listing of our listed securities was not in compliance with Nasdaq Listing Rule 5450(b)(2)(C) to maintain a minimum
market value of publicly held shares of $15,000,000 (the “MVPHS Rule”). The notice has no immediate effect on the listing
of our securities on The Nasdaq Global Market and the securities will continue to trade on The Nasdaq Global Market at this time. Pursuant
to Nasdaq Listing Rule 5810(c)(3)(D), we have been provided a period of 180 calendar days, or until March 30, 2026, to regain compliance
with the MVPHS Rule. To regain compliance during this 180-day compliance period, the minimum market value of publicly held shares must
close at $15,000,000 or more for a minimum of 10 consecutive business days.

On September 29, 2025, we
received a deficiency letter from the Staff notifying the Company that, for at least 30 consecutive business days, our Market Value of
Listed Securities (“MVLS”) was below the $50 million minimum requirement for continued inclusion on The Nasdaq Global Market
pursuant to Nasdaq Listing Rule 5450(b)(2)(A) (the “MVLS Requirement”). The notice has no immediate effect on the listing
of our securities on The Nasdaq Global Market and the securities will continue to trade on The Nasdaq Global Market at this time. Pursuant
to Nasdaq Listing Rule 5810(c)(3)(C), we have been provided a period of 180 calendar days, or until March 30, 2026, to regain compliance
with the MVLS Requirement. If at anytime during this compliance period our MVLS closes at $50 million or more for a minimum of ten consecutive
business days, Nasdaq will provide us written confirmation of compliance. If we do not regain compliance with the MVLS Requirement, its
securities will be subject to delisting.

There can be no assurance
that we will continue to meet the Bid Price Requirement, the MVPHS Rule, the MVLS Requirement or any other Nasdaq continued listing requirements,
in the future. If we fail to meet any of these requirements, including the Bid Price Requirement, the MVPHS Rule or the MVLS Requirement,
Nasdaq may again notify us that we have failed to meet the minimum listing requirements and initiate the delisting