Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 272

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 272
---
| September 30, 2024                |     | Total |            |     | Level 1 |       |     | Level 2 |           |     | Level 3 |            |
|:----------------------------------|:----|:------|-----------:|:----|:--------|------:|:----|:--------|----------:|:----|:--------|-----------:|
| Assets                            |     |       |            |     |         |       |     |         |           |     |         |            |
| Money Market Funds                |     | $     |      2,750 |     | $       | 2,750 |     | $       |         - |     | $       |          - |
| Liabilities                       |     |       |            |     |         |       |     |         |           |     |         |            |
| Private warrant liability         |     |       |  1,261,492 |     |         |     - |     |         | 1,261,492 |     |         |          - |
| Convertible note option liability |     |       |    293,866 |     |         |     - |     |         |         - |     |         |    293,866 |
| Earn out share liability          |     |       | 28,850,000 |     |         |     - |     |         |         - |     |         | 28,850,000 |
| Total                             |     | $     | 30,408,108 |     | $       | 2.750 |     | $       | 1,261,492 |     | $       | 29,143,866 |

Convertible Note Option liability

The Company established the initial
fair value for the Convertible Note Option liability as of September 13, 2024, which was the date the Convertible Note was executed. On
September 30, 2024, the fair value was remeasured using an option pricing model. The option pricing model was used to value the Convertible
Note Option Liability for the initial periods and subsequent measurement periods.

The Convertible Note Option liability
was classified within Level 3 of the fair value hierarchy at the initial measurement dates and as of September 13, 2024 and September
30, 2024 due to the use of unobservable inputs.

|                       |     |   | September 30, 
          2024