Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 67

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 67
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 will be issued, which will result in dilution to the holders of the Common Stock and increase the number of shares eligible for
resale in the public market. Sales of substantial numbers of such shares in the public market or the fact that such Warrants may be exercised
could adversely affect the prevailing market prices of the Common Stock. However, there is no guarantee that the Warrants will ever be
in the money prior to their expiration, and as such, the Warrants may expire worthless. See “- The terms of the Warrants may be amended in a manner adverse to a holder if holders of at least 50% of the then outstanding Public Warrants approve of such amendment.”

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The terms of the Warrants may be amended in a manner adverse to a holder if holders of at least 50% of the then outstanding Public Warrants approve of such amendment.

The Public Warrants were
issued in registered form under a Warrant Agreement between Continental, as warrant agent, and Plum. The Warrant Agreement provides that
the terms of the Warrants may be amended without the consent of any holder to cure any ambiguity or correct any defective provision or
correct any mistake, but requires the approval by the holders of at least 50% of the then-outstanding Public Warrants to make any change
that adversely affects the interests of the registered holders of Public Warrants. Accordingly, the Company may amend the terms of the
Public Warrants in a manner adverse to a holder if holders of at least 50% of the then-outstanding Public Warrants approve of such amendment
and, solely with respect to any amendment to the terms of the Private Placement Warrants or any provision of the Warrant Agreement with
respect to the Private Placement Warrants, 50% of the number of the then outstanding Private Placement Warrants. Although the Company’s
ability to amend the terms of the Public Warrants with the consent of at least 50% of the then-outstanding Public Warrants is unlimited,
examples of such amendments could be amendments to, among other things, increase the exercise price of the Warrants, convert the Warrants
into cash, shorten the exercise period or decrease the number of shares of the Common Stock purchasable upon exercise of a Warrant.

Veea may redeem a Public Warrant holder’s unexpired Public Warrants prior to their exercise at a time that may be disadvantageous to such Public Warrant holder, thereby making its Public Warrants worthless.

Veea will