Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 84

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 84
---
 of our Common Stock and two holder of record of our Public Warrants. The actual number of holders of our Common Stock and Warrants is greater than the number of record holders and includes holders of our Common Stock and Warrants whose shares of Common Stock or Warrants are held in street name by brokers and other nominees.

Dividend Policy

The Company has not paid
any cash dividends on its shares of its common stock to date. The payment of cash dividends in the future will be dependent upon our
revenues and earnings, if any, capital requirements and general financial condition. The payment of any dividends will be within the
discretion of the Board.

<div align='center'>40

BUSINESS</div>

Business Overview

We were originally incorporated
under the name “Plum Acquisition Corp. I.” as a blank check company incorporated as a Cayman Islands exempted company and
formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar Business
Combination with one or more businesses. As discussed in this prospectus, we completed the Business Combination with Veea on September
13, 2024 and changed our name to “Veea Inc.”

Veea is a provider of edge
computing and communications devices (i.e., “VeeaHub” devices), applications and services hosted on its edge
Platform-as-a-Service (“ePaaS”). Veea Edge Platform ePaaS is an end-to-end platform that is both locally- and
cloud-managed. VeeaHub products are converged computing and communications (i.e., hyperconverged) indoor and outdoor devices, about the
size of a Wi-Fi Access Point (AP), that provide for networking and computing solutions for AI-assisted applications and solutions at
the edge where people, places, and things connect to the network. Veea’s ePaaS architecture and business model is similar to Apple’s
platform architecture and business model for iPhones and iPads but extended to hyperconverged VeeaHub devices offered by Veea.

Veea Edge Platform provides
for highly secure connectivity, computing, and IoT solutions through full stack platform for digital transformation of industries as
well as unserved or underserved communities that lack Internet connectivity and essential applications and services. It further enables
the formation of highly secure, but easily accessible, private clouds and networks across one or multiple user(s) or enterprise location(s)
across the globe. We have redefined and simplified edge computing and connectivity with V