Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1358

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1358
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 “Public
Warrants”). Simultaneously with the closing of the IPO, Plum completed the private sale of warrants (the “Private Placement
Warrants” and together with the Public Warrants, the “Warrants”) where each Private Placement Warrant allows the holder
to purchase one share of the Company’s common stock at $11.50 per share. At December 31, 2024, there are 6,384,326 Public Warrants
and 5,256,218 to Private Placement Warrants outstanding.

The Public Warrants become exercisable at $11.50 per share, subject
to adjustment, at any time commencing 30 days after the completion of the Business Combination; provided that the Company has an effective
registration statement under the Securities Act covering the shares of the Company’s common stock issuable upon exercise of the
Public Warrants and a current prospectus relating to them is available (or the Company permits holders to exercise their 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. The warrants will expire five years after the completion
of the Business Combination or earlier upon redemption or liquidation.

The Company has agreed that as soon as practicable, but in no event
later than twenty business days after the closing of the Business Combination, it will use commercially reasonable efforts to file with
the SEC a registration statement for the registration, under the Securities Act, of the shares of common stock issuable upon exercise
of the warrants, and the Company will use its commercially reasonable efforts to cause the same to become effective within 60 business
days after the closing of the Business Combination, and to maintain the effectiveness of such registration statement and a current prospectus
relating to those shares of common stock until the warrants expire or are redeemed, as specified in the warrant agreement, provided that
if the shares of common stock are at the time of any exercise of a warrant not listed on a national securities exchange such that they
satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option,
require holders of the Public Warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section
3(a)(9) of the Securities Act and, in the event the Company so elects, it will not be