Company: VEEAW
Filing Date: 2025-12-04
Form Type: DEF 14A
Source: 0001213900-25-118382
Chunk: 18

Company: VEEA INC.
Filing Date: 2025-12-04
Form: DEF 14A
Chunk 18
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 of Proposed Certificate of Amendment; Effectiveness The text of the proposed Certificate of Amendment is set forth in substantially final form in Annex Ato this Proxy Statement. If and when effected by our Board, the Certificate of Amendment will become effective upon its filing with the Secretary of State of Delaware. Vote Required The affirmative vote of the majority of votes cast in person at the Annual Meeting and entitled to vote, present by means of remote communication in a manner authorized by the Board of Directors in its sole discretion, or by proxy is required to approve the Reverse Stock Split Proposal. Abstentions will have no effect on the outcome of the vote. Recommendation of the Board THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE REVERSE STOCK SPLIT PROPOSAL. 12 PROPOSAL NO. 3 — THE 2024 PLAN AMENDMENTS PROPOSAL Background The 2024 Plan was adopted and approved by the stockholders. Under the 2024 Plan, we may grant cash and equity incentive awards to eligible service providers in order to attract, motivate and retain the talent for which we compete. 4,460,437 shares of common stock were initially reserved for future issuance under the 2024 Plan, subject to increase by the lesser of three percent (3%) of the aggregate number of fully diluted shares of the Company on the final day of the immediately preceding calendar year or such smaller number of shares as is determined by the administrator of the 2024 Plan. The stockholders are being asked to approve an amendment to Section 4(a) of the 2024 Plan to increase the maximum aggregate number of shares of common stock that may be issued under the 2024 Plan (“ Incentive Awards”) to equal the sum of (A) 9,546,421 shares of common stock, plus (B) an increase commencing on January 1, 2026 and continuing annually on each anniversary thereof through and including January 1, 2034, equal to the lesser of (i) three percent (3%) of the shares of common stock issued and outstanding on the last day of the immediately preceding calendar year and (ii) such smaller number of shares of common stock as determined by the Board or the Committee. The numbers in the preceding sentences do not give effect to the reverse stock split under the Proposal No. 2. If Proposal No. 2 is approved and the Board approves a reverse stock split , the number of shares of common stock that may be issued under