Company: VEEAW
Filing Date: 2025-07-23
Form Type: S-1
Source: 0001213900-25-066815
Chunk: 214

Company: VEEA INC.
Filing Date: 2025-07-23
Form: S-1
Chunk 214
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atility            |     |           | 75.0 | % |
| Risk-Free Rate        |     |           | 4.12 | % |

Stock compensation expense related
to the common stock options outstanding for the three months ended March 31, 2025 and 2024, was $ and $, respectively, which
is included in general and administrative expenses in the Company’s condensed consolidated statements of operations and comprehensive
income (loss). Total unrecognized expense related to unvested options outstanding as of March 31, 2025, was $ which will be recognized
over a weighted average period of years.

Restricted Stock Units

There were no RSUs granted or stock
compensation expense recorded during each of the three months ended March 31, 2025 and 2024.

11 - WARRANTS As part of Plum’s initial public offering (“IPO”), Plum issued warrants to third-party investors where each whole warrant entitles the holder to purchase oneshare of the Common Stock at an exercise price of $ 11.50per share (the “Public Warrants”). Simultaneously with the closing of the IPO, Plum completed the private sale of warrants (the “Private Placement Warrants” and together with the Public Warrants, the “Warrants”) where each Private Placement Warrant allows the holder to purchase oneshare of the Common Stock at $ 11.50per share. At March 31, 2025, there were 6,384,326Public Warrants and 5,256,218Private Placement Warrants outstanding. The Public Warrants become exercisable at $ 11.50per share, subject to adjustment, at any time commencing 30days after the completion of the Business Combination; provided that the Company has an effective registration statement under the Securities Act covering the shares of Common Stock issuable upon exercise of the Public Warrants and a current prospectus relating to them is available (or the Company permits holders to exercise their warrants on a cashless basis under the circumstances specified in the warrant agreement) and such shares are registered, qualified or exempt from registration under the securities, or blue sky, laws of the state of residence of the holder. The warrants will expire five yearsafter the completion of the Business Combination or earlier upon redemption or liquidation. The Company has agreed that as soon as practicable, but in no event later than twenty business days after the closing of the Business Combination, it shall use commercially reasonable efforts to file with the SEC a registration statement for the registration