Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1959

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9A
Chunk 1959
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361. The “fair market value” as used in this paragraph shall mean the
volume weighted average price of the shares of common stock for the 10 trading days ending on the trading day prior to the date on which
the notice of exercise is received by the warrant agent.

In no event will the Company be required to net cash settle any warrant.
In the event that a registration statement is not effective for the exercised warrants, the purchaser of a unit containing such warrant
will have paid the full purchase price for the unit solely for the shares of common stock underlying such Warrant.

F-28

Veea
Inc. and Subsidiaries

Notes
to the Consolidated Financial Statements 

For
the Years ended December 31, 2024 and 2023

Redemption
of Warrants When the Price per Share of Common Stock Equals or Exceeds $18.00

Once
the Warrants become exercisable, the Company may redeem the outstanding Warrants (except with respect to the Private Placement Warrants):

    ● in whole and not in part;           ● at a price of $0.01 per warrant;           ● upon not less than 30 days’ prior written notice of redemption to each warrant holder; and           ● if, and only if, the last reported sale price of our common stock equals
or exceeds $18.00 per share (as adjusted for adjustments to the number of shares issuable upon exercise or the exercise price of a warrant)
for any 20 trading days within a 30-trading day period ending three trading days before the Company sends the notice of redemption to
the warrant holders. 

Redemption
of Warrants When the Price per Share of Common Stock Equals or Exceeds $10.00

Once
the Warrants become exercisable, the Company may redeem the outstanding Warrants:

    ● in whole and not in part;           ● at $0.10 per warrant upon a minimum of 30 days’ prior written
notice of redemption provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive
that number of shares, based on the redemption date and the “fair market value” (as defined above) of our common stock;           ● if, and only if, the closing price of our common stock equals or exceeds
$10.00 per public share (as adjusted for adjustments to the