Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 269

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 269
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 the expiration of any applicable lock-ups or vesting
periods, shares registered under the registration statement on Form S-8 will automatically become effective upon filing and be available
for resale immediately in the public market without restriction.

In
addition, the shares of the Common Stock reserved for future issuance under the 2024 Plan will become eligible for sale in the public
market once those shares are issued, subject to provisions relating to various vesting agreements, lock-up agreements and, in some cases,
limitations on volume and manner of sale by affiliates under Rule 144, as applicable. 4,460,437 shares of Common Stock were initially
reserved for future issuance under the 2024 Plan, subject to increase by the lesser of three percent (3%) of the aggregate number of
fully diluted shares of Veea outstanding on the final day of the immediately preceding calendar year or such smaller number of shares
as is determined by the administrator of the 2024 Plan.

Future
sales, or the perception of future sales, by Veea or its stockholders in the public market could cause the market price for shares of
the Common Stock to decline, even if Veea’s business is doing well.

The
sale of shares of the Common Stock in the public market, or the perception that such sales could occur, could harm the prevailing market
price of the Common Stock. These sales, or the possibility that these sales may occur, also might make it more difficult for Veea to
sell equity securities in the future at a time and at a price that it deems appropriate.

Following
the expiration of the lock-ups under the Lock-Up Agreements, sales of a substantial number of shares of Common Stock in the public market
could occur. These sales, or the perception in the market that the holders of a large number of shares intend to sell shares, could reduce
the market price of the Common Stock. As restrictions on resale end and registration statements (filed after the Closing to provide for
the resale of such shares from time to time) are available for use, the sale or possibility of sale of these shares could have the effect
of increasing the volatility in the share price of the Common Stock or the market price of the Common Stock could decline if the holders
of currently restricted shares sell them or are perceived by the market as intending to sell them.

As
a public reporting company, Veea is subject to rules and regulations established from time to time by the SEC regarding its internal
controls over financial reporting. If