Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 937

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 937
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 Company’s private company investments, including
impairment, was $235,596 and $451,874, respectively, and were included in investments on the Company’s consolidated balance sheet
as these investments did not have a stated contractual maturity date.

F-24

Veea
Inc. and Subsidiaries
Notes to the Consolidated Financial Statements 
For the Years ended December 31, 2024 and 2023

9
– STOCKHOLDERS’ EQUITY

On September 13, 2024, the Company
consummated the Business Combination which was accounted for as a reverse recapitalization. See Note 4 – Reverse Recapitalization
for more information. In connection with the consummation of the Business Combination (i) the Company de-registered from the Register
of Companies in the Cayman Islands by way of continuation out of the Cayman Islands and into the State of Delaware, migrating to and domesticating
as a Delaware corporation (the “Domestication”) and (ii) restated our certificate of incorporation (“Restated Certificate
of Incorporation”). In connection with the Domestication, each share of outstanding Class A ordinary shares were converted by operation
of law into shares of common stock, on a one-for-one basis. Upon filing of the Restated Certificate of Incorporation, each issued and
outstanding share of Class B stock outstanding immediately prior to the filing of the Restated Certificate of Incorporation was converted
in shares of common stock on a one-for-one basis. Under the Restated Certificate of Incorporation, the Company is authorized to issue
551,000,000 shares of capital stock, consisting of (a) 550,000,000 shares of Common Stock with a par value of $0.0001 per share, (b) 1,000,000
shares of preferred stock with a par value of $0.0001 per share, and (c) 1,000,000 shares of preferred stock with a par value of $0.0001
per share.

Holders of our common stock are entitled vote on all matters submitted
to the stockholders vote or approval, other than on any amendment to the Restated Certificate of Incorporation (including any certificate
of designations relating to any series of Preferred Stock) that relates solely to the terms of one or more outstanding series of Preferred
Stock if the holders of such affected series are entitled, either separately or together as a class with the holders of one or