Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASERS OF EQUITY SECURITIES
Market
information
Our shares of common stock and public warrants are listed on Nasdaq
under the symbols “VEEA” and “VEEAW” respectively. On April 13, 2026, the closing price of our common stock was
$0.67 per share and the closing price for our public warrants was $0.10 per warrant.
Holders
of Record
As of April 10, 2026, we had 546 holders of record of our common stock
and 1 holder of record of public warrants. The actual number of holders of our common stock is greater than this number of record holders
and includes stockholders who are beneficial owners, but whose shares are held in street name by brokers or held by other nominees. This
number of holders of record also does not include stockholders whose shares may be held in trust by other entities.
Dividends
We
have never paid any cash dividends on our common stock. We currently intend to retain all available funds and any future earnings for
use in the operation of our business and do not anticipate paying any cash dividends on our common stock in the foreseeable future. Any
future determination to declare dividends will be made at the discretion of our board of directors and will depend on our financial condition,
operating results, capital requirements, general business conditions and other factors that our board of directors may deem relevant.
55
Securities
Authorized for Issuance Under 2024 Plan
We
have adopted and approved the 2024 Plan. Under the 2024 Plan, we may grant cash and equity incentive awards to eligible service providers
in order to attract, motivate and retain the talent for which we compete. To date, an aggregate total of 11,059,966 shares of common stock has been reserved for issuances under the 2024 Plan; subject to further 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. The following table sets forth certain information about the securities
authorized for issuance under our incentive plans as of December 31, 2025.
Plan Category
Number
of
securities to
be issued upon
exercise of
outstanding
options, warrants and rights
Weighted-
average
exercise
price of
outstanding
options, warrants and rights
Number
of
granted
restricted
stock
awards
outstanding
Number
of
securities
remaining
available for
future
issuance
under equity
compensation
plans
Equity
compensation plans approved by security holders (1)
6,216,527
(2)
$
2.47
(3)
600
2,134,776
Equity
compensation plans not approved by security holders (4)
-
-
-
-
6,216,527
$
2.47
600
2,134,776
(1) Includes
the Veea Inc. 2024 Equity Incentive Plan, as amended. For further detail on our equity compensation
plans, please See Note 10 - Stock Incentive Plans to the financial statements included
elsewhere in this Annual Report.
(2) Includes
shares subject to outstanding unvested RSUs.
(3) The
weighted average exercise price relates solely to outstanding stock option shares since shares
subject to RSUs have no exercise price.
(4) We
do not have equity compensation plans not approved by our stockholders.
Recent
Sales of Unregistered Securities
During
the year ended December 31, 2025, all sales of unregistered securities by the Company have been previously reported on a Form 8-K or
Form 10-Q.
Issuer
Purchases of Equity Securities
We
did not repurchase any of our equity securities during the period covered by this Annual Report.
ITEM
6. [RESERVED]
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