Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 79

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 79
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 we do not expect to receive cash proceeds from any such exercise.

Unless we inform you otherwise
in a prospectus supplement or free writing prospectus, we intend to use the net proceeds from the exercise of such Private Placement Warrants
and Assumed Warrants for general corporate purposes.

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DETERMINATION OF OFFERING PRICE</div>

We cannot currently determine the price or prices
at which shares of Common Stock may be sold by the selling securityholders under this prospectus.

<div align='center'>MARKET INFORMATION FOR COMMON STOCK AND DIVIDEND POLICY</div>

Market Information

Our Common Stock and Public Warrants are currently listed on Nasdaq under the symbols “VEEA” and “VEEAW”, respectively. As of January 7, 2025, there were 213 holders of record of our Common Stock and two holder of record of our Public Warrants. The actual number of holders of our Common Stock and Warrants is greater than the number of record holders and includes holders of our Common Stock and Warrants whose shares of Common Stock or Warrants are held in street name by brokers and other nominees.

Dividend Policy

The Company has not paid any cash dividends on
its shares of its common stock to date. The payment of cash dividends in the future will be dependent upon our revenues and earnings,
if any, capital requirements and general financial condition. The payment of any dividends will be within the discretion of the Board.

<div align='center'>37

BUSINESS</div>

Business Overview

We were originally incorporated
under the name “Plum Acquisition Corp. I.” as a blank check company incorporated as a Cayman Islands exempted company and
formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar Business Combination
with one or more businesses. As discussed in this prospectus, we completed the Business Combination with Veea on September 13, 2024 and
changed our name to “Veea Inc.”

Veea is a provider of edge computing and communications
devices (i.e., “VeeaHub” devices), applications and services hosted on its edge Platform-as-a-Service (“ePaaS”).
Veea Edge Platform ePaaS is an end-to-end platform that is both locally- and cloud-managed. VeeaHub products are converged computing and
communications (i.e., hyperconverged) indoor and outdoor devices, about the size of a Wi-Fi Access Point (AP