Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 262

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 262
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 securities issued with
a term that is equal to the option’s expected term at the grant date.

Expected Volatility - The Company
estimates the volatility for option grants by evaluating the average historical volatility of a peer group of companies for the period
immediately preceding the option grant for a term that is approximately equal to the option’s expected term.

Expected Term - The expected
term represents the period over which options granted are expected to be outstanding using the simplified method, as the Company’s
historical share option exercise experience does not provide a reasonable basis upon which to estimate the expected term. The simplified
method deems the term to be the average of the time-to-vesting and contractual life of the stock-based awards.

Dividend Yield - The Company
has not declared or paid dividends to date and does not anticipate declaring dividends. As such, the dividend yield has been estimated
to be .

10 - WARRANTS

As part of Plum’s initial public offering (“IPO”),
Plum issued warrants to third-party investors where each whole warrant entitles the holder to purchase share of the Company’s
common stock at an exercise price of $ per share (the “Public Warrants”). Simultaneously with the closing of the IPO,
Plum completed the private sale of warrants (the “Private Placement Warrants” and together with the Public Warrants, the “Warrants”)
where each Private Placement Warrant allows the holder to purchase share of the Company’s common stock at $ per share.
At September 30, 2024, there are Public Warrants and Private Placement Warrants outstanding.

The Public Warrants become exercisable
at $ per share, subject to adjustment, at any time commencing after ; provided that the Company has an effective registration
statement under the Securities Act covering the shares of Common Stock issuable upon exercise of the Public Warrants and a current prospectus
relating to them is available (or the Company permits holders to exercise their warrants on a cashless basis under the circumstances specified
in the warrant agreement) and such shares are registered, qualified or exempt from registration under the securities, or blue sky, laws
of the state of residence of the holder. The warrants will expire five years after the completion of the Business Combination or
earlier upon redemption or liquidation.

The Company has agreed that as soon
as practicable, but in no event later than twenty business days after the closing of the Business Combination, it will use commercially
reasonable efforts to file with the SEC a registration statement