Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 65

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 65
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 could adversely affect price of the common stock.

On January 10, 2025, Veea
filed a registration statement with the SEC on Form S-8 providing for the registration of shares of the Common Stock issued or reserved
for issuance under the 2024 Incentive Equity Plan (the “2024 Incentive Plan”). Subject to the expiration of
any applicable lock-ups or vesting periods, shares registered under the registration statement on Form S-8 became effective upon filing
and are available for resale immediately in the public market without restriction.

In addition, the shares of
the common stock reserved for future issuance under the 2024 Incentive Plan will become eligible for sale in the public market once those
shares are issued, subject to provisions relating to various vesting agreements, lock-up agreements and, in some cases, limitations on
volume and manner of sale by affiliates under Rule 144, as applicable. 4,460,437 shares of Common Stock were initially reserved for future
issuance under the 2024 Incentive Plan, subject to increase by the lesser of three percent (3%) of the aggregate number of fully diluted
shares of Veea outstanding on the final day of the immediately preceding calendar year or such smaller number of shares as is determined
by the administrator of the 2024 Incentive Plan.

Future sales, or the perception of future sales, by Veea or its stockholders in the public market could cause the market price for shares of the common stock to decline, even if Veea’s business is doing well.

The sale of shares of the
common stock in the public market, or the perception that such sales could occur, could harm the prevailing market price of the common
stock. These sales, or the possibility that these sales may occur, also might make it more difficult for Veea to sell equity securities
in the future at a time and at a price that it deems appropriate.

Certain significant stockholders,
the shares held by whom were subject to the lock-up agreements in connection with the Business Combination, may sell a substantial number
of shares of common stock in the public market at any time, as the lock-ups on their shares have expired. These sales, or the perception
in the market that the holders of a large number of shares intend to sell shares, could reduce the market price of the common stock.
As restrictions on resale end and registration statements (filed after the Closing of the Business Combination to provide for the resale
of such