Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 386

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 386
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 Warrants When the Price per Share of Common Stock Equals or Exceeds $18.00

Once
the Warrants become exercisable, the Company may redeem the outstanding Warrants (except with respect to the Private Placement Warrants):

    ● in whole and not in part;           ● at a price of $0.01 per warrant;           ● upon not less than 30 days’ prior written notice of redemption to each warrant holder; and           ● if, and only if, the last reported sale price of our common stock equals
or exceeds $18.00 per share (as adjusted for adjustments to the number of shares issuable upon exercise or the exercise price of a warrant)
for any 20 trading days within a 30-trading day period ending three trading days before the Company sends the notice of redemption to
the warrant holders. 

Redemption
of Warrants When the Price per Share of Common Stock Equals or Exceeds $10.00

Once
the Warrants become exercisable, the Company may redeem the outstanding Warrants:

    ● in whole and not in part;           ● at $0.10 per warrant upon a minimum of 30 days’ prior written
notice of redemption provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive
that number of shares, based on the redemption date and the “fair market value” (as defined above) of our common stock;           ● if, and only if, the closing price of our common stock equals or exceeds
$10.00 per public share (as adjusted for adjustments to the number of shares issuable upon exercise or the exercise price of a warrant)
for any 20 trading days within the 30-trading day period ending three trading days before the Company sends the notice of redemption to
the warrant holders; and           ● if the closing price of our common stock for any 20 trading days within
a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant
holders is less than $18.00 per share (as adjusted for adjustments to the number of shares issuable upon exercise or the exercise price
of a warrant), the Private Placement Warrants must also be concurrently called for redemption on the same terms as the outstanding Public
Warrants, as described above.