Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 288

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 288
---
 on our common stock in the foreseeable future. Any
future determination to declare dividends will be made at the discretion of our board of directors and will depend on our financial condition,
operating results, capital requirements, general business conditions and other factors that our board of directors may deem relevant.

51

Securities
Authorized for Issuance Under 2024 Plan

We
have adopted and approved the 2024 Plan. 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 Veea outstanding 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 following table sets forth certain information about the securities authorized for issuance
under our incentive plans as of December 31, 2024.

    Plan Category 
    Number of securities to be issued upon exercise of outstanding options, warrants and rights  
    Weighted- average exercise  price of outstanding options, warrants and rights  
    Number of granted restricted stock  awards outstanding  
    Number of securities remaining available for future issuance under equity compensation plans 
  
    Equity compensation plans approved by security holders (1) 
     4,196,282(2)  
    $          1.04(3)  
     405,580  
     111,636 
  
    Equity compensation plans not approved by security holders (4) 
     -  
     -  
     -  
     - 

     4,196,282  
    $1.04  
     405,580  
     111,636 

    (1)
    Includes the Veea Inc. 2024 Equity Incentive Plan For further detail on our equity compensation plans, please See Note 10 - Stock Incentive Plans to the financial statements included elsewhere in this Annual Report.

(2)Includes
                                            405,580 shares subject to outstanding RSUs.

(3)The
                                            weighted average exercise price relates solely to outstanding stock option shares since shares
                                            subject to RSUs have no exercise price.

(4)We
                                            do not