Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 96

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 96
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will be extended for an additional 6 months to 12 months after the Financing Closing.

The Note Purchase Agreements
include customary registration rights.

Equity Line of Credit

On November 15, 2024, the Company
and White Lion signed a term sheet providing for the issuance by the Company to White Lion of up to $25 million of shares of the Company’s
common stock. The Company anticipates closing the transactions contemplated by the term sheet on or about November 20, 2004.
At the closing, the Company and White Lion will enter into a common stock purchase agreement (the “Common Stock Purchase Agreement”)
and related registration rights agreement. Pursuant to the Common Stock Purchase Agreement, the Company has the right to sell to White
Lion up to the lesser of (i) 25,000,000 shares of common stock (“ELOC Shares) and (ii) the Purchase Notice Limit (as defined in
the Common Stock Purchase Agreement), subject to certain limitations and conditions set forth in the Common Stock Purchase Agreement.
TheCompany expects to utilize proceeds from the Common Stock Purchase Agreement
for working capital and other general corporate purposes. Subject to the terms of the Common Stock Purchase Agreement, the Company will
have the right from time to time at its sole discretion until the 24th month following signing of the Common Stock Purchase Agreement,
to direct White Lion to purchase up to a specified maximum number of shares of common stock as set forth in the Common Stock Purchase
Agreement by delivering written notice to White Lion prior to the commencement of trading on any trading day. The Company will control
the timing and amount of any sales of the common stock to White Lion. Actual sales of shares to White Lion under the Common Stock Purchase
Agreement will depend on a variety of factors to be determined by the Company from time to time, including, among other things, market
conditions, and the trading price of the common stock.

The Company and White Lion executed definitive agreements
for the equity line of credit on December 2, 2024. For more information, see “Summary - Recent Developments.”

Note Purchase Agreement Termination

As previously disclosed,
on September 13, 2024, the Company and and VeeaSystems Inc. entered into note purchase agreements with certain accredited investors for
the sale of unsecured subordinated convertible promissory notes. Pursuant to the note purchase agreement with Harmonic Equity Partners
LLC (“Harmonic”), Harmonic was to purchase a note in an aggregate