Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 308

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 308
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 price of the Class A ordinary shares equals or exceeds $10.00 per public share (as adjusted for adjustments to the number of       
 shares issuable upon exercise or the exercise price of a warrant) for any 20 trading days within the 30-trading day period ending  
 three trading days before the Company sends the notice of redemption to the warrant holders; and                                   |
| ● | if the closing price of                                                                                                            
 the Class A ordinary shares for any 20 trading days within a 30-trading day period ending on the third trading day prior           
 to the date on which the Company sends the notice of redemption to the warrant holders is less than $18.00 per share (as adjusted  
 for adjustments to the number of shares issuable upon exercise or the exercise price of a warrant), the Private Placement Warrants 
 must also be concurrently called for redemption on the same terms as the outstanding public warrants, as described above.          |

In addition, if (x) the Company issues additional Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of the initial Business Combination at an issue price or effective issue price of less than $9.20 per ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial Business Combination on the date of the consummation of the initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of our Class A ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates its initial Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price, and the $10.