Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 264

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 264
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 value. As of September 30, 2024 and December 31, 2023, the
carrying value of the Company’s private company investments, including impairment, for the periods ended was $452,642 and $451,874,
respectively, and was classified as Investments on the Company’s consolidated balance sheet as these investments did not have a
stated contractual maturity date.

9 - STOCK INCENTIVE
PLANS

In September 2014, the Company’s
Board of Directors adopted the Max2 Inc. Equity Incentive Plan (“2014 Plan”). Upon adoption of the 2014 Plan, the aggregate
number of shares of Common Stock reserved for awards under the Plan were 1,250,000.

In September 2018, the Company’s
Board of Directors adopted the Veea Inc. 2018 Equity Incentive Plan (“2018 Plan”). Upon adoption of the 2018 Plan 4,900,000 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 12,492,910.

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 4,460,437 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 3,568,676 awards remaining for issuance.

On June 4, 2024, the stockholders of the
Company approved Veea Inc. 2024 Employee