Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 120

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 120
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. The Company is expected to propose satisfying the payment of the outstanding notes,
plus accrued interest, in the aggregate amount of approximately $3,239,096, as of the date of this prospectus, with the issuance of 3,239,096
shares of common stock with accompanying common warrants in this offering, based on the offering price of $1.0 per share.

Equity Line of Credit

On
December 2, 2024, the Company entered into a common stock purchase agreement (the “White Lion Purchase Agreement”)
and related registration rights agreement (the “White Lion Registration Rights Agreement”) with White Lion
Capital, LLC (“White Lion”). Pursuant to the ELOC Purchase Agreement, the Company has the right, but not the
obligation, to direct White Lion to purchase up to $25.0 million in aggregate gross purchase price of newly issued shares of common
stock, subject to certain limitations and conditions as described below (the “ELOC Program”), at a purchase
price equal to (i) 96.5% of the volume weighted average stock price for the three consecutive business days after a purchase notice is
given, (ii) 98% of the volume weighted average stock price on the day a notice is delivered, or (iii) the lowest traded price for a given
purchase date.

The
Company controls the timing and amount of any sales to White Lion, which depends on a variety of factors including, among other things,
market conditions, the trading price of the Company’s common stock, and determinations by the Company as to appropriate sources
of funding for its business and operations. However, White Lion’s obligation to purchase shares is subject to certain conditions,
including the daily trading volume of the Company’s common stock. In all instances, the Company may not sell shares of its common
stock under the ELOC Purchase Agreement if it would result in White Lion and its affiliate beneficially owning more than 4.99% of its
outstanding voting power or shares of common stock at any one point in time, or the aggregate number of shares of common stock would
not exceed 19.99% of the voting power of the issued and outstanding common stock.

During the three months
ended March 31, 2025, the Company issued 27,498 ELOC Commitment Shares (as defined below) to White Lion in payment of its commitment
fee and sold 240,500 shares to White Lion under the ELOC Program for aggregate proceeds of $