Company: VEEAW
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001213900-25-074676
Chunk: 150

Company: VEEA INC.
Filing Date: 2025-08-12
Form: S-1/A
Chunk 150
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.50 per SPAC Private Placement Warrant in a private placement. No underwriting discounts or commissions were paid with respect to sale of the SPAC Private Placement Warrants. The issuance of the SPAC Private Placement Warrants was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended. For terms of our SPAC Private Placement Warrants, please see “ Description of Our Securities – Warrants – SPAC Private Placement Warrants.” Related Party Loans Following the Plum IPO, the Plum Sponsor and certain of its officers and directors made loans to Plum to fund its working capital requirements. At the closing of the Business Combination, $1,899,950 principal amount of such loans remained outstanding, with $250,000 of such amount paid and the remaining principal balance was converted into shares of common stock of the Company in an amount of shares equal to the outstanding principal balance divided by $5.00 per share. 95 Administrative Support Agreement Prior to the Business Combination, Plum had entered into an administrative support agreement, pursuant to which Plum paid the Plum Sponsor or an affiliate of the Plum Sponsor for office space, secretarial and administrative services provided to members of the management team. Pursuant to its terms, the Administrative Support Agreement terminated upon the Closing of the Business Combination. Certain Relationships and Related Person Transactions of the Company The board of directors of the Company has adopted a written related-party transactions policy that conforms with the requirements for issuers having securities listed on Nasdaq. Under the policy, the Company’s audit committee serves as the approval authority for related party transactions, provided that, if the related party is, or is associated with, a member of the audit committee, the Company’s nominating and governance committee will serve as the approval authority for such transaction. The Company’s legal department is responsible for compiling and maintaining a master list of related parties, disseminate the master list to function and department leaders, the Chief Financial Officer and individuals responsible for accounts payable and accounts receivable, and contracting personnel in the legal department. Any transaction that the Company intends to undertake with a related party will be submitted to the compliance officer for determination of what approvals are required under the related-party transactions policy, and the compliance officer will refer to the approval authority any related party transaction he or she determines should be considered for evaluation by the approval authority consistent with the policy. If the compliance officer becomes aware of a transaction with a related party that has not been previously approved or previously ratified under the policy that required such approval