Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 253

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 253
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 the Company being required to include enhanced income tax related disclosures. The Company
is currently evaluating the impact this standard will have on its condensed consolidated financial statements.

In November 2023, the FASB issued
ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU includes amendments that expand
the existing reportable segment disclosure requirements and requires disclosure of (i) significant expense categories and amounts by
reportable segment as well as the segment’s profit or loss measure(s) that are regularly provided to the chief operating decision
maker (the “CODM”) to allocate resources and assess performance; (ii) how the CODM uses each reported segment profit or loss
measure to allocate resources and assess performance; (iii) the nature of other segment balances contributing to reported segment profit
or loss that are not captured within segment revenues or expenses; and (iv) the title and position of the individual or name of the group
or committee identified as the CODM. This guidance requires retrospective application to all prior periods presented in the financial
statements and is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after
December 15, 2024. Early adoption is permitted. The adoption of this guidance will result in the Company being required to include enhanced
disclosures relating to its reportable segments. The Company is currently evaluating the impact this standard will have on its condensed
consolidated financial statements.

4 - REVERSE RECAPITALIZATION

As discussed in Note 1, “Organization and Business Operations”, the Business Combination was consummated on September 13, 2024, which, for accounting purposes, was treated as the equivalent of Legacy Veea issuing stock for the net assets of Plum, accompanied by an equity recapitalization of Legacy Veea. Under this method of accounting, Plum was treated as the acquired company for financial accounting and reporting purposes under GAAP. This determination was primarily based on the assumption that:

| ● | Legacy                                                                                 
 Veea’s current shareholders will hold a majority of the voting power of New Plum (“New 
 Plum”) post Business Combination                                                       |

<div align='center'>F-51

Veea Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Three and Nine Months Ended September 30, 2024 and 2023</div>

| ● | effective                                                                                      
 upon the Business Combination, the post-comb