Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 260

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 260
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2023, the carrying value of
the Company’s private company investments, including impairment, for the periods ended was $ and $, respectively,
and was classified as Investments on the Company’s consolidated balance sheet as these investments did not have a stated contractual
maturity date.

9 - STOCK INCENTIVE PLANS

In September 2014, the Company’s Board of Directors adopted the
Max2 Inc. Equity Incentive Plan (“2014 Plan”). Upon adoption of the 2014 Plan, the aggregate number of shares of Common Stock
reserved for awards under the Plan were .

In September 2018, the Company’s Board of Directors adopted the
Veea Inc. 2018 Equity Incentive Plan (“2018 Plan”). Upon adoption of the 2018 Plan shares of the Company’s
common stock were reserved for the issuance of incentive awards. In January 2021, the 2018 Plan was amended to increase the total number
of authorized shares reserved for issuance to .

On June 4, 2024, the stockholders of the Company approved the Veea
Inc. 2024 Incentive Award Plan (the “2024 Incentive Plan”), which became effective upon the Closing. The Company initially
reserved shares of Common Stock for the issuance of awards under the 2024 Incentive Plan (“Initial Limit”).
The Initial Limit represents 10% of the aggregate number of shares of the Company’s common stock outstanding immediately after
the Closing plus the number of shares of common stock issuable under the 2014 Plan and the 2016 Plan and is subject to increase each year
over a ten-year period.

The 2024 Incentive Plan provides for the grant of stock options, which
may be ISOs or non-statutory stock options (“NSOs”), stock appreciation rights (“SARs”), restricted shares, restricted
stock units and other stock or cash-based awards that the Administrator determines are consistent with the purpose of the 2024 Incentive
Plan. As of September 30, 2024, the Company has awards remaining for issuance.

On June 4, 2024, the stockholders of
the Company approved Veea Inc. 2024 Employee Stock Purchase Plan (the “ESPP”), which become effective upon the Closing.
An aggregate of shares of the Company’s Common Stock has been reserved for issuance or transfer pursuant to
rights granted under the ESPP (“Aggregate Number”). The Aggregate Number represents % of the aggregate number of