Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 259

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 259
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 approved the Veea Inc. 2024 Incentive Award Plan (the “2024 Incentive Plan”), which became effective upon the Closing.
The Company initially reserved 4,460,437 shares of Common Stock for the issuance of awards under the 2024 Incentive Plan (“Initial
Limit”). The Initial Limit represents 10% of the aggregate number of shares of the Company’s common stock outstanding
immediately after the Closing plus the number of shares of common stock issuable under the 2014 Plan and the 2016 Plan and is subject
to increase each year over a ten-year period.

The 2024 Incentive Plan provides for the
grant of stock options, which may be ISOs or non-statutory stock options (“NSOs”), stock appreciation rights (“SARs”),
restricted shares, restricted stock units and other stock or cash-based awards that the Administrator determines are consistent with
the purpose of the 2024 Incentive Plan. As of September 30, 2024, the Company has 3,568,676 awards remaining for issuance.

On June 4, 2024, the stockholders of the
Company approved Veea Inc. 2024 Employee Stock Purchase Plan (the “ESPP”), which become effective upon the Closing. An aggregate
of 1,070,603 shares of the Company’s Common Stock has been reserved for issuance or transfer pursuant to rights granted under
the ESPP (“Aggregate Number”). The Aggregate Number represents 3% of the aggregate number of shares of the Company’s
common stock outstanding immediately after the Closing and is subject to increase each year over a ten-year period. The ESPP provides
eligible employees with an opportunity to purchase common stock from the Company at a discount through accumulated payroll deductions.
The ESPP will be implemented through a series of offerings of purchase rights to eligible employees. Under the ESPP, the Company’s
Board of Directors may specify offerings but generally provides for a duration of 12 months. The first purchase period has not begun
as of September 30, 2024. The purchase price will be specified pursuant to the offering, but cannot, under the terms of the ESPP, be
less than 85% of the lower of the fair market value per share of the Company’s common stock on either the offering date or
on the purchase date.

<div align='center'>F-57

Veea Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements