Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 213

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 213
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900,000 shares of the Company’s common stock were reserved for the issuance of incentive awards. In January 2021,
the 2018 Plan was amended to increase the total number of authorized shares reserved for issuance to 12,492,910.

<div align='center'>F-25

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

9 - STOCK-BASED COMPENSATION (cont.)

The table below summarizes
the activities of the 2018 Plan during the years ended December 31, 2023 and 2022:

|                                                    |     | Number      
 of Options  
 (in Shares) |           |   |     | Weighted 
 Average  
 Exercise 
 Price    |      |     | Weighted    
 Average     
 Remaining   
 Contractual 
 Terms       
 (in Years)  |      |     | Aggregate 
 Intrinsic 
 Values    |           |
|:---------------------------------------------------|:----|:------------|----------:|:--|:----|:---------|-----:|:----|:------------|-----:|:----|:----------|----------:|
| Balances as of January 1, 2022                     |     |             | 7,048,675 |   |     | $        | 0.54 |     |             | 7.52 |     | $         | 2,332,498 |
| Granted                                            |     |             | 1,286,641 |   |     |          | 0.59 |     |             |      |     |           |           |
| Exercised                                          |     |             |         - |   |     |          |    - |     |             |      |     |           |           |
| Forfeited or cancelled                             |     |             |  (997,723 | ) |     |          | 0.54 |     |             |      |     |           |           |
| Balances as of December 31, 2022                   |     |             | 7,337,593 |   |     |          | 0.55 |     |             | 6.82 |     |           | 1,278,419 |
| Granted                                            |     |             |   152,800 |   |     |          | 0.59 |     |             |      |     |           |           |
| Exerc