Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 327

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 327
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 June 22, 2022 (“Term Sheet”), and related Term Sheet Extension Letter Agreements, dated July 18, 2022, July 22, 2022, August 1, 2022, and August 8, 2022.

<div align='center'>F-104</div>

NOTE 10 - SHAREHOLDERS’ DEFICIT

Preference Shares-The Company is authorized to issue 1,000,000preference shares at par value of $ 0.0001, with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors. At December 31, 2023 and 2022, there were nopreference shares issued or outstanding.

Class A Ordinary Shares-The Company is authorized to issue a total of 500,000,000Class A Ordinary Shares at par value of $ 0.0001per share. At December 31, 2023 and 2022, there were 7,980,409and noClass A Ordinary Shares outstanding excluding 3,255,593and 31,921,634shares of Class A Ordinary Shares subject to possible redemption, respectively.

Class B Ordinary Shares-The Company is authorized to issue a total of 50,000,000Class B Ordinary Shares at par value of $ 0.0001per share. Holders are entitled to onevote for each Class B Ordinary Share. With the underwriter’s over-allotment option expiring in May 2021 partially unexercised, the initial shareholders forfeited 644,591to the Company for noconsideration so that the initial shareholders would collectively own 20% of the Company’s issued and outstanding ordinary shares after the IPO. In connection with the vote to approve the Second Extension Amendment Proposal, the Sponsor, as the sole holder of Class B Ordinary Shares, voluntarily elected to convert all Class B Ordinary Shares to Class A Ordinary Shares on a one-for-one basis in accordance with the Memorandum and Articles of Association. As of December 31, 2023 and 2022, there were 0and 7,980,409shares of Class B Ordinary Shares issued and outstanding, respectively.

Holders of the Class A ordinary shares and holders of the Class B ordinary shares will vote together as a single class on all matters submitted to a vote of the Company’s shareholders, except as required by law.Unless specified in the Company’s amended and restated memorandum and articles of association, or