Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 77

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 77
---
 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 have the ability to redeem outstanding Public Warrants at any time after they become exercisable and prior to their expiration,
at a price of $0.01 per Warrant, provided that the last reported sales price of the 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 on the third trading day prior to the date Veea sends the notice of redemption to the Public Warrant holders.
If and when the Public Warrants become redeemable by Veea, Veea may exercise its redemption right even if Veea is unable to register
or qualify the underlying securities for sale under all applicable state securities laws. Redemption of the outstanding Public Warrants
could force a Public Warrant holder to: (i) exercise its Public Warrants and pay the exercise price at a time when it may be disadvantageous
for such Public Warrant holder to do so; (ii) sell its Public Warrants at the then-current market price when a warrant holder might otherwise
wish to hold its Warrants; or (iii) accept the nominal redemption price which, at the time the outstanding Public Warrants are called
for redemption, is likely to be substantially less than the market value of a Public Warrant holder’s Public Warrants. None of
the Private Placement Warrants will be redeemable by Veea so long as they are held by their initial purchasers or their permitted transferees.

The
value received upon exercise of the Public Warrants (1)