Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 155

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 155
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 other limited exceptions, to Plum officers and directors and other persons or entities affiliated with the Plum Sponsor). The Private Placement Warrants have terms and provisions that are identical to those of the Public Warrants, as described above.

Assumed Warrants

Duration and Exercise Price

The Assumed Warrants have an
exercise price of $10.19 per share. The Assumed Warrants were immediately exercisable upon issuance and are exercisable for five years
after the date of issuance. The exercise price and number of shares of Common Stock issuable upon exercise are subject to appropriate
adjustment in the event of share dividends, share splits, reorganizations or similar events affecting our shares of Common Stock. Except
for certain exceptions, the exercise price is also subject to adjustment in the event of subsequent equity sales by the Company at a
price less than the then current exercise price of the Assumed Warrants.

Exercisability

The Assumed Warrants are exercisable,
at the option of the holder, in whole or in part, by delivering to us a duly executed exercise notice accompanied by payment in full
for the number of shares of Common Stock purchased upon such exercise (except in the case of a cashless exercise as discussed below).

Cashless Exercise

In lieu of making the cash payment
otherwise contemplated to be made to us upon such exercise in payment of the aggregate exercise price, the holder may elect instead to
receive upon such exercise (either in whole or in part) the net number of shares of Common Stock determined according to a formula set
forth in the Assumed Warrants.

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Liquidity Event

In the event of any liquidity
event, as described in the Assumed Warrants and generally including any merger with or into another entity, sale of all or substantially
all of our assets, tender offer or exchange offer, or reclassification of our shares of Common Stock, then upon any subsequent exercise
of a Veea Warrant, the holder will have the right to receive as alternative consideration, for each share of Common Stock that would
have been issuable upon such exercise immediately prior to the occurrence of such fundamental transaction, the number of shares of Common
Stock of the successor or acquiring corporation or of our Company, if it is the surviving corporation, and any additional consideration
receivable upon or as a result of such transaction by a holder of the number of shares of Common Stock for which the Assumed Warrants
are exercisable immediately prior to such event.

Transfer