Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 209

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 209
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 per share for the Series A-1 Preferred Stock (subject, in each case, to appropriate adjustment in the event of a
stock split, stock dividend, combination, reclassification, or similar event). After payment to the holders of the
Series A-2 Preferred Stock and the holders of the Series A-1 Preferred Stock, the Series A Preferred Stock is
entitled to receive its liquidation preference from the proceeds of a liquidation, dissolution or winding up before payment of
available proceeds on the Series A Preferred Stock up to $1.54 per share (subject to appropriate adjustment in the event of a
stock split, stock dividend, combination, reclassification, or similar event). Thereafter, the Preferred Stock participates pro rata
with the Common Stock in the remaining proceeds.

<div align='center'>F-23

Veea Inc. and Subsidiaries
Notes to Consolidated Financial Statements
Years Ended December 31, 2023 and 2022</div>

8 - STOCKHOLDERS’ EQUITY(cont.)

Deemed Liquidation

The Series A-2 Preferred
Stock and the Series A-1 Preferred Stock are entitled to receive their respective liquidation preference, on a pro ratabasis,
from the proceeds of (1) a merger or consolidation that results in a change of control of the Company, (2) a sale or other disposition
of the assets of the Company and its subsidiaries (taken as a whole) or (3) a sale or other disposition of one or more subsidiaries
of the Company representing substantially all of the assets of the Company and its subsidiaries, taken as a whole (each such transaction
being, a “Deemed Liquidation”) before payment to the Series A Preferred Stock, up to $ per share for the Series A-2
Preferred Stock and up to $ per share for the Series A-1 Preferred Stock (subject, in each case, to appropriate adjustment stock
split, stock dividend, combination, reclassification, or similar event). Thereafter, the Series A Preferred Stock is entitled to
receive its liquidation preference from the Deemed Liquidation before payment to the Common Stock up to $ per share (subject to appropriate
adjustment in the event of a stock split, stock dividend, combination, reclassification, or similar event). After payment to the Preferred
Stock, the remaining proceeds of the Deemed Liquidation are payable to the Common Stock on a pro ratabasis.

Redemption

The Preferred Stock is not mandatorily