Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 181

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 181
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 of securities, cash or property
that such holder would have been entitled to receive upon the occurrence of the fundamental transaction, had the common warrants been
exercised immediately prior to such fundamental transaction. In lieu of such consideration, a holder of common warrants may instead elect
to receive a cash payment based upon the Black-Scholes value of their common warrants.

Rights as a Stockholder.
Except by virtue of such holder’s ownership of shares of our common stock, the holder of a common warrants does not have the rights
or privileges of a holder of our common stock, including any voting rights, until the holder exercises the common warrants.

Public Warrants

There are currently outstanding
an aggregate of 6,384,284 public warrants, which entitle the holders to acquire 6,384,284 shares of the common stock.

Each whole public warrant
entitles the registered holder to purchase one share of the common stock at a price of $11.50 per share, subject to adjustment as discussed
below, provided that the Company has an effective registration statement under the Securities Act covering the common stock issuable
upon exercise of the public warrants and a current prospectus relating to them is available (or the permits holders to exercise their
public warrants on a cashless basis under the circumstances specified in the Warrant Agreement) and such shares are registered, qualified
or exempt from registration under the securities, or blue sky, laws of the state of residence of the holder. Pursuant to the Warrant
Agreement, a public warrant holder may exercise its public warrants only for a whole number of shares of the common stock. This means
only a whole public warrant may be exercised at a given time by a public warrant holder. The public warrant will expire five years after
September 13, 2024, the date of the Closing of the Business Combination, at 5:00 p.m., Eastern Time, or earlier upon redemption or liquidation.

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The Company will not be obligated
to deliver any shares pursuant to the exercise of a public warrant and will have no obligation to settle such public warrant exercise
unless a registration statement under the Securities Act with respect to the shares underlying the public warrants is then effective
and a prospectus relating thereto is current, subject to the Company satisfying its obligations described below with respect to registration.
No public warrant will be exercisable and the Company will not be obligated to issue a share upon exercise of a public warrant unless
the share issuable upon