Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 264

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 264
---
2023</div>

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 number of shares issuable upon exercise or the exercise price of a warrant) for any 20 trading days within the 30-trading day period ending three trading days before the Company sends the notice of redemption to the warrant holders; and                                                                                                                                                    |
| ● | if the closing price of our Common Stock for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders is less than $18.00 per share (as adjusted for adjustments to the number of shares issuable upon exercise or the exercise price of a warrant), the Private Placement Warrants must also be concurrently called for redemption on the same terms as the outstanding Public Warrants, as