Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 117

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 117
---
 ownership of outstanding stock after exercising the holder’s
2025 Investor Warrants up to 9.99% of the number of shares of our common stock outstanding immediately after giving effect to the exercise,
as such percentage ownership is determined in accordance with the terms of the 2025 Investor Warrants.

If the holder of 2025 Investor Warrants
exercises its warrants and a registration statement registering the issuance of the shares of common stock underlying the warrants under
the Securities Act is not then effective or available (or a prospectus is not available for the resale of shares of common stock underlying
the warrants), then in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise in payment
of the aggregate exercise price, the holder shall instead receive upon such exercise (either in whole or in part) only the net number
of shares of common stock determined according to a formula set forth in the common warrants. Notwithstanding anything to the contrary,
in the event the Company does not have or maintain an effective registration statement, there are no circumstances that would require
the Company to make any cash payments or net cash settle the common warrants to the holders.

21

Subject to applicable laws, the 2025
Investor Warrants may be offered for sale, sold, transferred or assigned at the option of the holder upon surrender of such holder’s
warrants to the Company together with the appropriate instruments of transfer.

In the event of a fundamental transaction,
as described in the 2025 Investor Warrants and generally including any reorganization, recapitalization or reclassification of our common
stock, the sale, transfer or other disposition, in each case, of all or substantially all of our properties or assets, our consolidation
or merger with or into another person, the acquisition of more than 50% of our outstanding common stock, or any person or group becoming
the beneficial owner of 50% of the voting power represented by our outstanding common stock, the holders of the common warrants will be
entitled to receive upon exercise of the common warrants the kind and amount of securities, cash or other property that the holders would
have received had they exercised the warrants immediately prior to such fundamental transaction. In the case of certain fundamental transactions
affecting us, a holder of the 2025 Investor Warrants, upon exercise of such warrants after such fundamental transaction, will have the
right to receive, in lieu of shares of our common stock, the same amount and kind of securities, cash or property that