Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 186

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 186
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 stock), or in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation
or merger in which we are the continuing corporation and that does not result in any reclassification or reorganization of the outstanding
the common stock), or in the case of any sale or conveyance to another corporation or entity of the assets or other property of the Company
as an entirety or substantially as an entirety in connection with which we are dissolved, the holders of the public warrants will thereafter
have the right to purchase and receive, upon the basis and upon the terms and conditions specified in the public warrants and in lieu
of the common stock immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind
and amount of common stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger
or consolidation, or upon a dissolution following any such sale or transfer, that the holder of the public warrants would have received
if such holder had exercised their public warrants immediately prior to such event. If less than 70% of the consideration receivable
by the holders of common stock in such a transaction is payable in the form of common stock in the successor entity that is listed for
trading on a national securities exchange or is quoted in an established over-the-counter market, or is to be so listed for trading or
quoted immediately following such event, and if the registered holder of the public warrant properly exercises the public warrant within
thirty (30) days following public disclosure of such transaction, the public warrant exercise price will be reduced as specified in the
Warrant Agreement based on the Black-Scholes Warrant Value (as defined in the Warrant Agreement) of the public warrant. The purpose of
such exercise price reduction is to provide additional value to holders of the public warrants when an extraordinary transaction occurs
during the exercise period of the public warrants pursuant to which the holders of the public warrants otherwise do not receive the full
potential value of the public warrants.

The public warrants were
issued in registered form under a Warrant Agreement between Continental Stock Transfer & Trust Company, as warrant agent, and the
Company in connection with the Plum IPO. The Warrant Agreement provides that the terms of the public warrants may be amended without
the consent of any holder to cure any ambiguity or correct any defective provision, and that all other modifications or amendments will
require the vote or written consent of the holders of at least 50