Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 81

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 81
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 Stock that we will sell to White Lion under the ELOC Purchase Agreement, the actual purchase price per share to be paid by White Lion for those shares of Common Stock, or the actual gross proceeds to be raised by us from those sales, if any. As of January 7, 2025, there were 36,202,798 shares of Common Stock outstanding. If all of the 9,166,081 shares of our Common Stock offered for resale by the selling stockholder under this prospectus were issued and outstanding as of January 7, 2025, such shares would represent approximately 25.3% of total number of shares of our Common Stock outstanding. The actual number of shares of our Common Stock issuable will vary depending on the then current market price of shares of our Common Stock sold to the selling stockholder in this offering.

The number of shares of
Common Stock ultimately offered for sale by the selling stockholder for resale under this prospectus is dependent upon the number of
shares of Common Stock, if any, we ultimately sell to White Lion under the ELOC Purchase Agreement. Further, if and when we elect to
sell shares of Common Stock to White Lion pursuant to the ELOC Purchase Agreement, after White Lion has acquired such shares, White Lion
may resell all, some or none of such shares of Common Stock at any time or from time to time in its discretion and at different prices.

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The issuance of our shares
of Common Stock to the selling stockholder pursuant to the ELOC Purchase Agreement will not affect the rights or privileges of our existing
stockholders, except that the economic and voting interests of each of our existing stockholders will be diluted. Although the number
of shares of Common Stock that our existing stockholders own will not decrease, the shares of Common Stock owned by our existing stockholders
will represent a smaller percentage of our total outstanding shares of Common Stock after any such issuance.

Although the ELOC Purchase
Agreement provides that we may sell up to an aggregate of $25.0 million of shares of our Common Stock to White Lion, only 9,166,081 shares
(assuming the shares are sold at a price of $2.73 per share) are being registered for resale under the registration statement that includes
this prospectus. If it becomes necessary for us to issue and sell more shares than are being registered for resale under this prospectus
in order to receive aggregate gross proceeds equal to $25.0