Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 261

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 261
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 disclosure
requirements, primarily through enhanced disclosures about significant segment expenses among other disclosure requirements.
See Note 17 – Segment information for more information.

Fair Value Measurement

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy is based on three levels of inputs, of which the first two are considered observable and the last is considered unobservable:

| Level 1 - | Observable                                                                                  
 inputs obtained from independent sources, such as quoted market prices for identical assets 
 and liabilities in active markets.                                                          |

| Level 2 - | Other                                                                                         
 inputs, which are observable directly or indirectly, such as quoted market prices for similar 
 assets or liabilities in active markets, quoted market prices for identical or similar assets 
 or liabilities in markets that are not active, and inputs that are derived principally from   
 or corroborated by observable market data.                                                    |

| Level 3 - | Unobservable                                                                              
 inputs for which there is little or no market data and require the Company to develop its 
 own assumptions, based on the best information available in the circumstances, about the  
 assumptions market participants would use in pricing the assets or liabilities.           |

The Company issued common stock warrants classified as equity securities which do not require recurring fair value measurement. See Note 11 – Warrantsfor the assumptions used in estimating the fair value of such common stock warrants .

<div align='center'>F-32

Veea Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

For the Years ended December 31, 2024 and 2023</div>

Recurring Fair Value Measurements

The following methods and assumptions were used to estimate the fair value of each class of financial assets and liabilities for which it is practicable to estimate fair value:

Money market funds - The carrying amount of money market funds approximates fair value and is classified within Level 1 because the fair value is determined through quoted market prices.

Private Warrants - The carrying value of the warrants is classified within Level 2 because the fair value is determined through quoted market prices, which are valued using the closing market price of the public warrants as the private placement warrants have terms and provisions that are identical to those of the public warrants.

Convertible Note Option Liability - The initial measurement and carrying value of the conversion option is