Kanishka Roy - Sep 16, 2024 Form 4 Insider Report for Plum Acquisition Corp. I (VEEA)

Role
Director
Signature
/s/ Kanishka Roy
Stock symbol
VEEA
Transactions as of
Sep 16, 2024
Transactions value $
$0
Form type
4
Date filed
9/18/2024, 09:58 PM
Previous filing
Jan 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VEEA Common Stock Award +4.51M 4.51M Sep 16, 2024 By Plum Partners, LLC F1, F2, F3
transaction VEEA Common Stock Award +50K 50K Sep 16, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 16, 2024, pursuant to the previously announced Business Combination Agreement, dated as of November 27, 2023, by and among Plum Acquisition Corp. I ("Plum"), Plum SPAC Merger Sub, Inc., and Veea Inc. ("Veea"), each issued and outstanding share of common stock of Veea was automatically converted on a one-for-one basis into common stock of the Issuer.
F2 Represents (i) 4,427,356 shares of common stock owned by Plum Partners, LLC (the "Sponsor") that were converted on a one-for-one basis into common stock of the Issuer and (ii) 79,990 shares of common stock of the Issuer issued to the Sponsor upon the conversion of a promissory note issued by Plum.
F3 The securities reported herein are held directly by the Sponsor. The reporting person controls the Sponsor, and as such, has voting and investment discretion with respect to the securities held by the Sponsor and may be deemed to have beneficial ownership of the securities held directly by the Sponsor. The reporting person disclaims beneficial ownership of the securities reported hereby except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purposes.
F4 These shares of Common Stock were issued upon the conversion of a promissory note held by the Reporting Person in the principal amount of $250,000 at a conversion price of $5.00 per share.