Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 250

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1
Chunk 250
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 or exceed $1.00 per share for a minimum of 10 consecutive business days prior to March
30, 2026; provided, however, pursuant to Nasdaq Listing Rule 5810 (c)(3)(H), Nasdaq may, in its discretion, require us to satisfy the
Minimum Bid Price Requirement for a period in excess of ten consecutive business days, but generally not more than 20 consecutive business
days, before determining that we have demonstrated an ability to maintain long-term compliance with the Minimum Bid Price Requirement.

On September 29, 2025, we
received a notice from the Staff notifying us that, based on the market 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