Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 162

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 162
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 equity classified and had a fair value of $2,189,014 on the date of grant which is recognized as deferred cost and
amortized to interest expense over the life of the loan agreements.

In December 2021, Private
Veea issued warrants to purchase 630,000 shares of common stock in connection with the Bridge Notes issued to NLabs (the “Tranche 1 Bridge Note Warrants”). The exercise price of the warrants is $0.01 per share. The warrants are exercisable for a period
of seven years. The warrants were equity classified and had a relative fair value of $499,416 on the date of grant which was recognized
as original issue discount on the Bridge Notes in the year ended December 31, 2021.

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In 2022, Private Veea issued
warrants to purchase 320,000 shares of common stock in connection with the Bridge Notes issued to NLabs (the “Tranche 2 Bridge Note Warrants” and collectively with the Loan Guarantee Warrants and the Tranche 1 Bridge Note Warrants, the “Related Party Private Veea Common Stock Warrants”). The exercise price of the warrants is $0.01 per share. The warrants are exercisable
for a period of seven years. The warrants were equity classified and had a fair value of approximately $253,816 on the date of grant
which was recognized as original issue discount on the Bridge Notes in the year ended December 31, 2022.

At the Closing of the Business
Combination, the Related Party Private Veea Common Stock Warrants were exercised in whole, on a net basis, for 3,880,000 shares of common
stock of Private Veea at a conversion price of $0.01 per share for an aggregate purchase price of $38,800, and a total of 21,798 shares
of common stock were surrendered in payment of the purchase price.

Note Conversion Agreements

On September 13, 2024, in
connection with the consummation of the Business Combination, Private Veea, Plum and the holders of certain notes (the “Private Veea Noteholders”) issued by Private Veea entered into Note Conversion Agreements, pursuant to which each Private Veea
Noteholder agreed that principal and accrued interest under such notes shall convert into common stock at the Closing of the Business
Combination at a per share value of $5.00, and that such shares shall be