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

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 15
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 million divided by the                                                                      
 closing sale price of the Common Stock on the day prior to the day notice is delivered (the      
 “Fixed Limit”);                                                                                  |
| ● | 100%                                                                                             
 of Average Daily Trading Volume (as such term is defined in the ELOC Purchase Agreement)         
 for Regular Purchase Price Option 1, or 50% of Average Daily Trading Volume for Regular Purchase 
 Price Option 2; and                                                                              |
| ● | a                                                                                                
 dollar amount equal to the quotient of (x) the product of (i) the Average Daily Trading Volume   
 prior to the effectiveness of the Registration Statement (the “Effective Date”),                 
 (ii) the closing price on the Effective Date and (iii) 100% for Regular Purchase Price Option    
 1 and 50% for Regular Purchase Price Option 2 and (y) the closing price on the day prior         
 to the day notice is delivered.                                                                  |

The Company may also deliver a Rapid Purchase Notice (as such term is defined in the ELOC Purchase Agreement), pursuant to which the Company may require White Lion to purchase shares of Common Stock at a purchase price per share equal to the lowest traded price of the Common Stock on the date that the notice is delivered. The number of shares that the Company can require White Lion to purchase pursuant to a Rapid Purchase Notice is subject to the Fixed Limit. No purchase notice shall result in White Lion beneficially owning (as calculated pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and Rule 13d-3 thereunder) more than 4.99% (subject to increase, in the sole discretion of White Lion, to 9.99%) of the number of shares of Common Stock outstanding immediately prior to the issuance of Common Stock issuable pursuant to a purchase notice. The Company has the right to terminate the ELOC Purchase Agreement in the event of a material breach of the ELOC Purchase Agreement by White Lion, or upon three business days’ notice to White Lion following the six month anniversary of the execution of the ELOC Purchase Agreement. The ELOC Purchase Agreement also automatically terminates upon the earlier of (i) the end of the Commitment Period and (ii) the date that the Company commences a voluntary bankruptcy proceeding, a custodian is appointed for the Company or for all or substantially all of its property, or the Company makes a general assignment for the benefit of its creditors. In consideration for the commitments of White Lion, as described above, the Company has