Company: VEEAW
Filing Date: 2025-08-06
Form Type: S-1/A
Source: 0001213900-25-072342
Chunk: 115

Company: VEEA INC.
Filing Date: 2025-08-06
Form: S-1/A
Chunk 115
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 different capabilities for indoor and outdoor coverage and are both locally- and cloud-managed. VeeaONE platform architecture and business model, VeeaHub ☐ and third-party devices on VeeaONE platform with Hybrid Edge-Cloud Computing and AI-enabled applications and services resemble the Android OS platform architecture and business model for Android devices. 68 The VeeaONE platform offers a complement, and in some cases an alternative, to cloud computing by enabling the formation of highly secure, but easily accessible, private clouds and networks across one or multiple user(s) or enterprise location(s) across the globe. Benefits of the VeeaONE platform include optimal latency, lower data transport costs, data privacy, security and ownership, Edge AI, as well as “always-on” availability for mission critical applications, and contextual awareness for people, devices and things connected to the Internet. Recent Developments Asset Purchase Transaction with Crowdkeep, Inc. Asset Purchase Agreement On May 13, 2025, the Company entered into an Asset Purchase Agreement (the “ APA”) with Crowdkeep, Inc., a Delaware corporation (the “ Seller”), pursuant to which, subject to the terms and conditions set forth in the APA, the Company acquired, upon the closing (the “ Crowdkeep Closing”, and the date of such Crowdkeep Closing, the “ Crowdkeep Closing Date”) certain assets of Seller relating to Seller’s IoT technology platform business (collectively, the “ Crowdkeep Assets”), free and clear of any liens other than certain specified liabilities of Seller that are being assumed (collectively, the “ Crowdkeep Liabilities” and such acquisition of the Crowdkeep Assets and assumption of the Crowdkeep Liabilities together, the “ Crowdkeep Transaction”) in consideration for the issuance to the Seller of 4,065,689 shares of common stock (the “ Crowdkeep Purchase Price”). At the time of closing of the transaction, Mr. Helder Antunes, a member of the Company’s board of directors, was the chief executive officer of Crowdkeep. Following the closing, Mr. Antunes resigned as Crowdkeep’s chief executive officer. The APA contains other customary representations, warranties and covenants of the parties. Note Purchase Agreements and Convertible Promissory Notes On April 17, 2025, and May 13, 2025, the Company and the majority stockholder of the Seller (“ Crowdkeep Investor”), entered into two Note Purchase Agreements (the “ Crowdkeep Note Purchase Agreements”). Pursuant to the Crowdkeep Note Purchase Agreements, the Crowd