Company: VEEAW
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001213900-25-074676
Chunk: 257

Company: VEEA INC.
Filing Date: 2025-08-12
Form: S-1/A
Chunk 257
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 the options granted during the years ended December 31, 2024 are as follows:

|                       |     | December 31, 
 2024         |      |   |
|:----------------------|:----|:-------------|-----:|:--|
| Stock Price           |     | $            | 3.89 |   |
| Expected term (years) |     |              |  2.0 |   |
| Volatility            |     |              | 75.0 | % |
| Risk-Free Rate        |     |              | 4.25 | % |

F-50 Veea Inc. and Subsidiaries
Notes to the Consolidated Financial Statements
For the Years ended December 31, 2024 and 2023

Restricted Stock Unit Activity

Restricted stock unit activity under the Plan was as follows for the year ended December 31, 2024:

| Outstanding at September 12, 2024 |     | Number 
 of     
 units  |        - |   |     | Weighted-  
 Average    
 Grant Date 
 Fair Value 
 per Unit   |    - |
|:----------------------------------|:----|:-------|---------:|:--|:----|:-----------|-----:|
| RSUs granted                      |     |        |  405,580 |   |     |            | 3.08 |
| Vested                            |     |        | (405,580 | ) |     |            | 3.08 |
| Outstanding at December 31, 2024  |     |        |        - |   |     |            |    - |

The Company recorded stock-based compensation expense of $ 1,250,000related to the RSUs granted during the year ended December 31, 2024. There were no RSUs granted during the year ended December 31, 2023. The grant date fair value of the RSUs granted in 2024 was calculated based on the average closing price of the Company’s common stock for the ten-day period prior to the grant date.

11 - 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 oneshare of the Company’s common stock at an exercise price of $ 11.50per share (the “Public Warrants”). Simultaneously with the closing of the IPO, Plum completed the private sale of warrants (the “Private Placement