Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 265

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 265
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 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 shares reserved for issuance to .

On June 4, 2024, the stockholders of the
Company approved the Veea Inc. 2024 Incentive Award Plan (the “2024 Incentive Plan”), which became effective upon the Closing.
The Company initially reserved shares of Common Stock for the issuance of awards under the 2024 Incentive Plan (“Initial
Limit”). The Initial Limit represents 10% of the aggregate number of shares of the Company’s common stock outstanding
immediately after the Closing plus the number of shares of common stock issuable under the 2014 Plan and the 2016 Plan and is subject
to increase each year over a ten-year period.

The 2024 Incentive Plan provides for the
grant of stock options, which may be ISOs or non-statutory stock options (“NSOs”), stock appreciation rights (“SARs”),
restricted shares, restricted stock units and other stock or cash-based awards that the Administrator determines are consistent with
the purpose of the 2024 Incentive Plan. As of September 30, 2024, the Company has awards remaining for issuance.

On June 4, 2024, the stockholders of the
Company approved Veea Inc. 2024 Employee Stock Purchase Plan (the “ESPP”), which become effective upon the Closing. An aggregate
of shares of the Company’s Common Stock has been reserved for issuance or transfer pursuant to rights granted under
the ESPP (“Aggregate Number”). The Aggregate Number represents % of the aggregate number of shares of the Company’s
common stock outstanding immediately after the Closing and is subject to increase each year over a ten-year period. The ESPP provides
eligible employees with an opportunity to purchase common stock from the Company at a discount through accumulated payroll deductions.
The ESPP will be implemented through a series of offerings of purchase rights to eligible employees. Under the ESPP, the Company’s
Board of Directors may specify offerings but generally provides for a duration of 12 months. The first purchase period has not begun
as of September 30, 2024. The purchase price will be specified pursuant to the offering, but cannot, under the terms of the ESPP, be
less than 85% of the