Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 211

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 211
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pro rata with the Common Stock in the remaining proceeds.

<div align='center'>F-23

Veea Inc. and Subsidiaries
Notes to Consolidated Financial Statements
Years Ended December 31, 2023 and 2022</div>

8 - STOCKHOLDERS’ EQUITY(cont.)

Deemed Liquidation

The Series A-2 Preferred
Stock and the Series A-1 Preferred Stock are entitled to receive their respective liquidation preference, on a pro ratabasis,
from the proceeds of (1) a merger or consolidation that results in a change of control of the Company, (2) a sale or other
disposition of the assets of the Company and its subsidiaries (taken as a whole) or (3) a sale or other disposition of one or more
subsidiaries of the Company representing substantially all of the assets of the Company and its subsidiaries, taken as a whole (each
such transaction being, a “Deemed Liquidation”) before payment to the Series A Preferred Stock, up to $ per share
for the Series A-2 Preferred Stock and up to $ per share for the Series A-1 Preferred Stock (subject, in each case, to
appropriate adjustment stock split, stock dividend, combination, reclassification, or similar event). Thereafter, the Series A Preferred
Stock is entitled to receive its liquidation preference from the Deemed Liquidation before payment to the Common Stock up to $ per
share (subject to appropriate adjustment in the event of a stock split, stock dividend, combination, reclassification, or similar event).
After payment to the Preferred Stock, the remaining proceeds of the Deemed Liquidation are payable to the Common Stock on a pro ratabasis.

Redemption

The Preferred Stock is not
mandatorily redeemable except in the event of a Deemed Liquidation that does not result in a dissolution of the Company. The redemption
features are contingent upon the occurrence of certain events which are under the control of the Company, therefore the Preferred Stock
is classified as permanent equity on the consolidated balance sheet.

Protective Provisions

The affirmative consent of at
least 66 2/3% of the outstanding Preferred Stock consenting or voting (as the case may be) together as a single class on an as converted
basis is required: (i) to liquidate, dissolve or wind-up the business and affairs of the Company, or consolidation or a Deemed Liquidation
Event, or consent to any of the foregoing;