Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 207

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 207
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 |            |
|:---------------------------|:----|:------------------------|------------:|:----|:------------|-----------:|:----|:-------------|-----------:|:----|:------------|-----------:|
|                            |     | Authorized              
 Shares                  |             |     | Shares      
 Issued and  
 Outstanding |            |     | Net Carrying 
 Value        |            |     | Aggregate   
 Liquidation 
 Preference  |            |
| Series A-1 Preferred Stock |     |                         |  62,579,193 |     |             | 35,054,036 |     | $            | 70,108,072 |     | $           | 70,108,072 |
| Series A Preferred Stock   |     |                         |  35,920,813 |     |             | 35,920,813 |     | $            | 46,210,448 |     | $           | 55,318,051 |
| Common Stock               |     |                         | 117,742,034 |     |             |  7,203,514 |     | $            |  2,511,549 |     |             |          - |

Dividends

The holders of the Company’s common stock
and preferred stock are entitled to receive dividends when and as declared by the Company’s Board of Directors. No dividends were
declared or paid in the years ended December 31, 2023 and December 31, 2022.

<div align='center'>F-22

Veea Inc. and Subsidiaries
Notes to Consolidated Financial Statements
Years Ended December 31, 2023 and 2022</div>

8 - STOCKHOLDERS’ EQUITY(cont.)

Preferred Stock

The Company’s Fourth Amended
and Restated Certificate of Incorporation has designated three series of preferred stock: the Series A Preferred Stock, par value
$ per share (the “Series A Preferred Stock”), the Series A-1 Preferred Stock, par value $ per share
(the “Series A-1 Preferred Stock”), and the Series A-2 Preferred Stock, par value $ per share (the “Series A-2
Preferred Stock” collectively, with the the Series A-1 Preferred Stock, the “Preferred Stock”).

Voting

The Preferred Stock is entitled to cast the number
of votes equal to the number of whole shares of Common Stock into which the shares of Preferred Stock are convertible as of the