Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 138

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 138
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Common Stock Warrants

In consideration for the guarantee
by the Company’s CEO of the Company’s obligations under the 2021 Revolving Loan Agreement and a previously outstanding loan
agreement with First Republic Bank, the Company issued warrants to purchase an aggregate of 2,430,000 shares of the Company’s
common stock (the “Loan Guarantee Warrants”). The exercise price of the warrants is $.01 per share. The warrants are exercisable
for a period of seven years. The warrants were equity classified and had a fair value of $2,189,014 on the date of grant which is recognized
as deferred cost and amortized to interest expense over the life of the loan agreements.

In December 2021, the Company
issued warrants to purchase 630,000 shares of common stock in connection with the Bridge Notes issued to NLabs (the “Tranche
1 Bridge Note Warrants”). The exercise price of the warrants is $.01 per share. The warrants are exercisable for a period of seven
years. The warrants were equity classified and had a relative fair value of $499,416 on the date of grant which was recognized as original
issue discount on the Bridge Notes in the year ended December 31, 2021.

In 2022, the Company issued
warrants to purchase 320,000 shares of common stock in connection with the Bridge Notes issued to NLabs (the “Tranche 2 Bridge
Note Warrants” and collectively with the Loan Guarantee Warrants and the Tranche 1 Bridge Note Warrants, the “Related Party
Common Stock Warrants”). The exercise price of the warrants is $.01 per share. The warrants are exercisable for a period of seven
years. The warrants were equity classified and had a fair value of approximately $253,816 on the date of grant which was recognized as
original issue discount on the Bridge Notes in the year ended December 31, 2022.

At Closing, the Related Party
Common Stock Warrants were exercised in whole, on a net basis, for 3,880,000 shares of Common Stock of Private Veea at a conversion price
of $0.01 per share for an aggregate purchase price of $38,800. A total of 21,798 shares of Common Stock were surrendered in payment of
the purchase price.

CEO Expenses

Veea incurred expenses relating
to ordinary course travel expenses of the Company’s Chief Executive Officer and founder (“CEO”) for travel made by
the CEO on