Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 223

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 223
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 amounts due on the maturity date, failure to otherwise comply with the Borrowers’ covenants or for Borrower
insolvency events, in each case, with customary cure periods. Upon an event of default, the Investor may accelerate all obligations under
its September 2024 Note and the Borrowers will be required to pay for the Investor’s reasonable out-of-pocket collection costs.

The outstanding obligations under each
September 2024 Note are convertible in whole or in part into shares of Common Stock (the “Conversion Shares”) at a conversion
price of $7.50 per share (subject to equitable adjustment for stock splits, stock dividends and the like with respect to the Common Stock
after the Financing Closing) (the “Conversion Price”) at any time after the Financing Closing at the sole election of the
Investor. The outstanding obligations under each September 2024 Note will automatically convert at the Conversion Price if (i) the Company
or its subsidiaries consummate one or more additional financings for equity or equity-linked securities for at least $20 million in the
aggregate or makes one or more significant acquisitions valued in the aggregate (based on the consideration provided by the Company and
its subsidiaries) to be at least $20 million, (ii) the Investors holding a majority of the aggregate outstanding obligations under the
September 2024 Notes expressly agree to convert all obligations under the September 2024 Notes or (iii) the Common Stock trades with an
average daily VWAP of at least $10.00 (subject to equitable adjustment for stock splits, stock dividends and the like with respect to
the Common Stock after the Financing Closing) for ten (10) consecutive trading days. The obligations under each September 2024 Note will
also automatically convert in connection with a Brokerage Transfer, as described below.

The Conversion Shares were initially
subject to a lock-up for a period of 6 months after the Financing Closing. The Transferred Shares were not subject to any lock-up restrictions,
but for a period of 6 months after the Closing they were separately designated by the Transfer Agent and kept as book entry shares on
the Transfer Agent’s records and were not be eligible to be held by DTC without the Investor first notifying the Company of its
intent to transfer any such Transferred Shares to a brokerage account and/or to be held by DTC or another nominee (a “Brokerage
Transfer”). If the Investor provided such notice or otherwise has any Transferred Shares subject to a Brokerage Transfer within
6 months after