Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 66

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 66
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 instead, be required to do so on a cashless basis in accordance with Section 3(a)(9) of the Securities Act: (i) if the
Common Stock issuable upon exercise of the Public Warrants are not registered under the Securities Act in accordance with the terms of
the Warrant Agreement; (ii) if Veea has so elected and the Common Stock are at the time of any exercise of a Public Warrant not listed
on a national securities exchange such that they satisfy the definition of “covered securities” under Section 18(b)(1) of
the Securities Act; and (iii) if Veea has so elected and it calls the Public Warrants for redemption. If you exercise your Public Warrants
on a cashless basis, you would pay the Warrant exercise price by surrendering all of the Public Warrants for that number of the Common
Stock equal to the less of (A) the quotient obtained by dividing (x) the product of the number of the Common Stock underlying the Public
Warrants, multiplied by the excess of the “fair market value” of the Common Stock (as defined in the next sentence) over
the exercise price of the Public Warrants by (y) the fair market value and (B) 0.361. The “fair market value” is the average
reported closing price of the Common Stock for the 10 trading-days ending on the third trading-day prior to the date on which the notice
of redemption is sent to the holders of the Public Warrants. As a result, you would receive fewer shares of the Common Stock from such
exercise than if you were to exercise such Public Warrants for cash.

There can be no assurance that the Public Warrants will be in the money at the time they become exercisable, and they may expire worthless.

The exercise price for the
outstanding Public Warrants is $11.50 per share. There can be no assurance that such Public Warrants will be in the money following the
time they become exercisable and prior to their expiration, and as such, the Public Warrants may expire worthless.

The Warrant Agreement designates the courts of the State of New York or the United States District Court for the Southern District of New York as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by holders of its Warrants, which could limit the ability of warrant holders to obtain a favorable judicial forum for disputes with Plum.

Warrant Agreement provides
that, subject to applicable