Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 292

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 292
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 |
| Accretion                                                
 adjustment of carrying value to redemption value         |     |   |    4,695,302 |   |
| Ordinary                                                 
 shares subject to possible redemption, December 31, 2022 |     | $ |  323,911,642 |   |
| Less:                                                    |     |   |              |   |
| Redemptions of ordinary shares                           |     |   | (294,254,572 | ) |
| Plus:                                                    |     |   |              |   |
| Accretion                                                
 adjustment of carrying value to redemption value         |     |   |    5,898,906 |   |
| Ordinary                                                 
 shares subject to possible redemption, December 31, 2023 |     | $ |   35,555,976 |   |

<div align='center'>F-92</div>

NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES(cont.)

Offering Costs

The Company complies with the requirements of ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A - “Expenses of Offering”. Offering costs consist principally of professional and registration fees incurred through the balance sheet date that are related to the Public Offering. Offering costs are charged to shareholders’ deficit or the consolidated statements of operations based on the relative value of the Warrants to the proceeds received from the Units sold upon the completion of the IPO.

Fair Value of Financial Instruments

The fair value of the Company’s assets and liabilities, (excluding the promissory note and Warrants) which qualify as financial instruments under the FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the consolidated balance sheets.

Warrant Liabilities

The Company accounts for the Warrants as either equity-classified or liability-classified instruments based on an assessment of the specific terms of the Warrants and applicable authoritative guidance in FASBASC 480, Distinguishing Liabilities from Equity (“ ASC 480 ”) and ASC 815, Derivatives and Hedging (“ ASC 815 ”). The assessment considers whether the Warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and meet all of the requirements for equity classification under ASC 815, including whether the Warrants are indexed to the Company’s own ordinary shares and whether the holders of the Warrants could potentially require “net cash settlement” in a circumstance