Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 40

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 to a duly executed exercise notice accompanied by payment in full
in immediately available funds for the number of shares of our common stock purchased upon such exercise (except in the case of a cashless
exercise as described below).

A holder (together with its affiliates)
may not exercise any portion of the 2025 Investor Warrant to the extent that the holder would own more than 4.99% (or, at the election
of the holder, 9.99)% of the outstanding common stock immediately after exercise, except that upon at least 61 days’ prior notice
from the holder to the Company, the holder may increase the amount of ownership of outstanding stock after exercising the holder’s
2025 Investor Warrants up to 9.99% of the number of shares of our common stock outstanding immediately after giving effect to the exercise,
as such percentage ownership is determined in accordance with the terms of the 2025 Investor Warrants.

If the holder of 2025 Investor Warrants
exercises its warrants and a registration statement registering the issuance of the shares of common stock underlying the warrants under
the Securities Act is not then effective or available (or a prospectus is not available for the resale of shares of common stock underlying
the warrants), then in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise in payment
of the aggregate exercise price, the holder shall instead receive upon such exercise (either in whole or in part) only the net number
of shares of common stock determined according to a formula set forth in the common warrants. Notwithstanding anything to the contrary,
in the event the Company does not have or maintain an effective registration statement, there are no circumstances that would require
the Company to make any cash payments or net cash settle the common warrants to the holders.

21

Subject to applicable laws, the 2025
Investor Warrants may be offered for sale, sold, transferred or assigned at the option of the holder upon surrender of such holder’s
warrants to the Company together with the appropriate instruments of transfer.

In the event of a fundamental transaction,
as described in the 2025 Investor Warrants and generally including any reorganization, recapitalization or reclassification of our common
stock, the sale, transfer or other disposition, in each case, of all or substantially all of our properties or assets, our consolidation
or merger with or into another person, the acquisition of more than 50% of our outstanding common stock, or any person or group