Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 71

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 71
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 result, these stockholders will be able to exercise
a significant level of control over all matters requiring stockholder approval, including the election of directors and the approval
of mergers, acquisitions or other extraordinary transactions. They may also have interests that differ from yours and may vote in a way
with which you disagree and which may be adverse to Veea’s interests. This concentration of ownership may have the effect of delaying,
preventing or deterring a change of control of Veea, could deprive Veea’s stockholders of an opportunity to receive a premium for
their common stock as part of a sale of Veea and might ultimately affect the market price of the common stock.

Warrants exercised for Veea’s common stock would increase the number of shares eligible for future resale in the public market and result in dilution to its stockholders.

Outstanding Warrants, including
the public warrants, SPAC Private Placement Warrants and Assumed Warrants, to purchase an aggregate of 11,640,544 shares of the common
stock are exercisable in accordance with the terms of the Warrant Agreement. The exercise price of the SPAC Private Placement Warrants
and public warrants are $11.50 per share, and exercise price of the Assumed Warrants is $10.19 per share. To the extent such Warrants
are exercised, additional shares of the common stock 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.”

The terms of the public 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 Transfer Agent, as warrant agent, and Plum. The Warrant Agreement provides
that the terms of the public warrants may be amended without the consent of any holder to cure any ambiguity or correct any defective
provision or correct