Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 247

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 247
---
 | Legacy 
 Veea   
 Shares |             |     | Veea         
 Shares after 
 conversion   
 ratio        |            |
| Legacy Veea Series A-2 Preferred Stock |     |        |  19,670,118 |     |              |  4,799,511 |
| Legacy Veea Series A-1 Preferred Stock |     |        |  41,179,790 |     |              |  8,078,761 |
| Legacy Veea Series A Preferred Stock   |     |        |  35,920,813 |     |              |  7,047,041 |
| Legacy Veea Common Stock               |     |        |   7,398,303 |     |              |  1,451,419 |
| Legacy Veea Common Stock Warrants      |     |        |   3,858,202 |     |              |    756,912 |
| Total                                  |     |        | 108,027,226 |     |              | 22,133,644 |

Public and private placement warrants

The 6,384,326 Public Warrants issued
at the time of Plum’s initial public offering, and 6,256,218 warrants issued in connection with private placement at the time of
Plum’s initial public offering (the “Private Placement Warrants”) remained outstanding and became warrants for the
Company.

<div align='center'>F-52

Veea Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Three and Nine Months Ended September 30, 2024 and 2023</div>

Earnout Share Liability

Following the closing of the Business
Combination, holders of certain capital stock of Legacy Veea immediately prior to the closing will have the contingent right to receive
up to 4.5 million additional shares of the Company’s Common Stock if certain trading-price based milestones of the Company’s
common stock are achieved or a change of control transaction occurs during the ten-year period following the Closing.

Under accounting principles, the Company’s
obligation to issue the earn out shares is recorded as a contingent liability (the “Earn-Out Share Liability”) in the Company’s
financial statements and the initial value of the Earn-out Share Lability is recorded as a transaction cost within operating expense
in the Company’s financial statements. For each subsequent reporting period, changes in the fair value of the Earn-Out Share
Liability will be reported in