Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 268

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 268
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 may, at its option, require holders of the Public Warrants who exercise their warrants to do so on a “cashless
basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elects, it will not
be required to file or maintain in effect a registration statement, but the Company will use its commercially reasonably efforts to register
or qualify the shares under applicable blue sky laws to the extent an exemption is not available. If a registration statement covering
the shares of Common Stock issuable upon exercise of the warrants is not effective by the 60th day after the closing of the Business
Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company
will have failed to maintain an effective registration statement, exercise warrants on a “cashless basis” in accordance with
Section 3(a)(9) of the Securities Act or another exemption, but the Company will use its commercially reasonably efforts to
register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. In such event, each holder
would pay the exercise price by surrendering the warrants for that number of shares of Common Stock equal to the lesser of

In no event will the Company be
required to net cash settle any warrant. In the event that a registration statement is not effective for the exercised warrants, the
purchaser of a unit containing such warrant will have paid the full purchase price for the unit solely for the shares of Common Stock
underlying such Warrant.

<div align='center'>F-58

Veea Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Three and Nine Months Ended September 30, 2024 and 2023</div>

Redemption of Warrants When the Price per Share of Common Stock Equals or Exceeds $ 18.00

Once the Warrants become exercisable,
the Company may redeem the outstanding Warrants (except with respect to the Private Placement Warrants):

| ● | in whole and not in part;                                                                                                                                                                                                                                                                                                                                                       |
| ● | at a price of $0.01 per warrant;                                                                                                                                                                                                                                                                                                                                                |
| ● | upon not less than 30 days’ prior written notice of redemption to each warrant holder; and                                                                                                                                                                                                                                                                                      |
| ● | if, and only if, the last reported sale price of our Common Stock equals or exceeds $18.00 per share (as