Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 212

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 212
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                              |     |             |       - |   |     |          |      - |     |             |      |     |           |         |
| Balances as of December 31, 2022                    |     |             | 385,531 |   |     |          | 0.0001 |     |             | 4.68 |     |           | 277,544 |
| Granted                                             |     |             |       - |   |     |          |      - |     |             |      |     |           |         |
| Exercised                                           |     |             | (40,000 | ) |     |          | 0.0001 |     |             |      |     |           |  28,796 |
| Forfeited or cancelled                              |     |             |       - |   |     |          |      - |     |             |      |     |           |         |
| Balances as of December 31, 2023                    |     |             | 345,531 |   |     | $        | 0.0001 |     |             | 3.68 |     | $         | 615,011 |
| Options vested and exerciseable - December 31, 2023 |     |             | 345,531 |   |     | $        | 0.0001 |     |             | 3.68 |     | $         | 615,011 |
| Options vested and exerciseable - December 31, 2022 |     |             | 385,531 |   |     | $        | 0.0001 |     |             | 4.68 |     | $         | 277,544 |

The Company had no stock compensation expense related
to the 2014 Plan stock options for the years ended December 31, 2023 and 2022. The Company had no unrecognized expense related
to unvested options outstanding as of December 31, 2023.

Veea Inc. 2018 Equity Incentive Plan

On September 6, 2018, the Company’s Board
of Directors adopted the Veea Inc. 2018 Equity Incentive Plan (“2018 Plan”). Upon adoption of the 2018 Plan shares
of the Company’s common stock were reserved for the issuance of incentive awards. In January 2021, the 2018 Plan was amended
to increase the total number of authorized