Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 210

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 210
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 of the holder thereof, at any time into shares of Common Stock on a 1:1 basis.

Mandatory Conversion

Upon either (a) the
closing of the sale of shares of the Company’s common stock to the public at a price equal to two hundred percent (%) of the
issuance price of the Company’s Series A-1 Preferred Stock (subject to appropriate adjustment in the event of any stock dividend,
stock split, combination or other similar recapitalization), in a firm-commitment underwritten public offering pursuant to an effective
registration statement under the Securities Act of 1933, as amended, that results in the Company receiving at least $ million
of gross proceeds, net of the underwriting discount and commissions, to the Company and in connection with such offering the Company’s
common stock is listed for trading on a nationally-recognized exchange or another exchange or marketplace approved the Company’s
board of directors or (b) the date and time, or the occurrence of an event, specified by vote or written consent of 66 2/3% of the
outstanding Preferred Stock (voting or acting as a single class), then (i) all outstanding shares of Preferred Stock shall automatically
be converted into shares of Common Stock, at the then effective conversion rate applicable of the Preferred Stock and (ii) the redeemed
shares may not be reissued by the Company.

Liquidation, Dissolution and Winding Up

The Series A-2 Preferred
Stock and the Series A-1 Preferred Stock are entitled to receive their respective liquidation preference, on a pro rata basis,
from the proceeds of a liquidation, dissolution or winding up before payment of available proceeds on the Series A Preferred Stock,
up to $ per share for the Series A-2Preferred Stock and up to $ per share for the Series A-1 Preferred Stock (subject,
in each case, to appropriate adjustment in the event of a stock split, stock dividend, combination, reclassification, or similar event).
After payment to the holders of the Series A-2 Preferred Stock and the holders of the Series A-1 Preferred Stock, the
Series A Preferred Stock is entitled to receive its liquidation preference from the proceeds of a liquidation, dissolution or winding
up before payment of available proceeds on the Series A Preferred Stock up to $1.54 per share (subject to appropriate adjustment
in the event of a stock split, stock dividend, combination, reclassification, or similar event). Thereafter, the Preferred Stock participates