Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1145

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1145
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 PKF’s engagement,
neither Plum, nor any party on behalf of Plum, consulted PKF regarding either (i) the application of accounting principles to a specified
transaction, either completed or proposed, or the type of audit opinion that might be rendered on Plum’s financial statements,
and no written report or oral advice was provided to Plum by PKF that was an important factor considered by Plum in reaching a decision
as to any accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a disagreement or a reportable
event, each as defined above.

64

ITEM
9A. CONTROLS AND PROCEDURES

Evaluation
of Disclosure Controls and Procedures

Our management, with the participation
of Allen Salmasi, our Chief Executive Officer, and Janice Smith, our Interim Chief Financial Officer and Chief Operating Officer, has
evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e)
under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), as of the end of the period covered by this Annual
Report. Based on such evaluation, our Chief Executive Officer and Interim Chief Financial Officer have concluded that as of December 31,
2024, our disclosure controls and procedures were effective at the reasonable assurance level. 

Management’s
Report on Internal Controls over Financial Reporting

As disclosed elsewhere in this Annual Report, we completed the Business
Combination on September 13, 2024. Prior to the Business Combination our predecessor, Plum Acquisition Corp. I, was a special purpose
acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization
or similar business combination with one or more businesses. As a result, previously existing internal controls are no longer applicable
or comprehensive enough as of the assessment date, because Plum Acquisition Corp. I’s operations prior to the Business Combination
were insignificant compared to those of the consolidated entity post-Business Combination. As a result, management was unable, without
incurring unreasonable effort or expense, to complete an assessment of our internal control over financial reporting as of December 31,
2024. Accordingly, we are excluding management’s report on internal control over financial reporting pursuant to Section 215.02
of the SEC Division of Corporate Finance’s Regulation S-K Compliance and Disclosure Interpretations.

Changes
in Internal Control over