Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 123

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 123
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accounting standards that have different effective dates for public and private companies until the earlier of the date it (i) is no
longer an emerging growth company or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS
Act. As a result, Veea’s financial statements may not be comparable to companies that comply with the new or revised accounting
standards as of public company effective dates.

In addition, Veea intends
to rely on the other exemptions and reduced reporting requirements provided by the JOBS Act. Subject to certain conditions set forth
in the JOBS Act, if, as an emerging growth company, Veea intends to rely on such exemptions, it is not required to, among other things:
(i) provide an auditor’s attestation report on our system of internal controls over financial reporting pursuant to Section 404(b)
of the Sarbanes-Oxley Act; (ii) provide all of the compensation disclosure that may be required of non-emerging growth public companies
under the Dodd-Frank Wall Street Reform and Consumer Protection Act; (iii) comply with any requirement that may be adopted by the Public
Company Accounting Oversight Board regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional
information about the audit and the financial statements (auditor discussion and analysis); and (iv) disclose certain executive compensation-related
items such as the correlation between executive compensation and performance and comparisons of the Chief Executive Officer’s compensation
to median employee compensation. Veea will remain an emerging growth company under the JOBS Act until the earliest of (i) the last day
of its first fiscal year following the fifth anniversary of the closing of the Plum Acquisition Initial Public Offering, (ii) the last
date of our fiscal year in which it has total annual gross revenue of at least $1.235 billion, (iii) the date on which it is deemed to
be a “large accelerated filer” under the rules of the SEC with at least $700.0 million of outstanding securities held by
non-affiliates or (iv) the date on which it have issued more than $1.0 billion in non-convertible debt securities during the previous
three-years.

Non-GAAP Financial Measures

To supplement our consolidated
financial statements, which are prepared and presented in accordance with GAAP, we use Adjusted EBITDA, as described below, to understand
and evaluate our core operating performance. These non-GAAP financial measures,