Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 208

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 208
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 record
date for determining stockholders entitled to vote.

Election of Directors

The holders of record of shares of Series A-2
Preferred Stock have no right to elect directors. The holders of record of shares of Series A-1 Preferred Stock, exclusively and
as a separate class, are entitled to elect one director of the Company. The holders of record of shares of Series A Preferred Stock,
exclusively and as a separate class, are entitled to elect two directors of the Corporation. The holders of record of shares of Common
Stock, exclusively and as a separate class, shall be entitled to elect two directors of the Corporation.

Optional Conversion

Each share of Preferred Stock is convertible, at
the option of the holder thereof, at any time into shares of Common Stock on a 1:1 basis.

Mandatory Conversion

Upon either (a) the closing of the sale of
shares of the Company’s common stock to the public at a price equal to two hundred percent (%) of the issuance price of the Company’s
Series A-1 Preferred Stock (subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other
similar recapitalization), in a firm-commitment underwritten public offering pursuant to an effective registration statement under the
Securities Act of 1933, as amended, that results in the Company receiving at least $ million of gross proceeds, net of
the underwriting discount and commissions, to the Company and in connection with such offering the Company’s common stock is listed
for trading on a nationally-recognized exchange or another exchange or marketplace approved the Company’s board of directors or
(b) the date and time, or the occurrence of an event, specified by vote or written consent of 66 2/3% of the outstanding Preferred
Stock (voting or acting as a single class), then (i) all outstanding shares of Preferred Stock shall automatically be converted into
shares of Common Stock, at the then effective conversion rate applicable of the Preferred Stock and (ii) the redeemed shares may
not be reissued by the Company.

Liquidation, Dissolution and Winding Up

The
Series A-2 Preferred Stock and the Series A-1 Preferred Stock are entitled to receive their respective
liquidation preference, on a pro rata basis, from the proceeds of a liquidation, dissolution or winding up before payment of
available proceeds on the Series A Preferred Stock, up to $ per share for the Series A-2Preferred Stock and up to
$