Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 224

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 224
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2024, the expiration date was subsequently extended to June 30, 2024. All other terms
of the sublease remain the same, including rent and additional rent.

Through May 8, 2024, the
total cash proceeds received by the Company from the sale of Series A-2 Preferred Stock totaled approximately $30.8 million, with approximately
$12.7 million of the total raised since January 1, 2024. Further, through May 8, 2024, the Company has issued approximately 2.8 million
shares of Series A-2 Preferred Stock in connection with the coversion of debt and other obligations totaling approximately $5.1 million.

<div align='center'>F-36

VEEA INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS</div>

| ASSETS                                                                                                            |     | September 30, 
 2024          
 (unaudited)   |              |   |     | December 31, 
 2023         |              |   |
|:------------------------------------------------------------------------------------------------------------------|:----|:--------------|-------------:|:--|:----|:-------------|-------------:|:--|
| Cash                                                                                                              |     | $             |    2,802,970 |   |     | $            |    6,010,075 |   |
| Receivables, net                                                                                                  |     |               |       84,709 |   |     |              |       52,838 |   |
| Inventory, net                                                                                                    |     |               |    7,977,277 |   |     |              |    7,375,621 |   |
| Contingent financing asset                                                                                        |     |               |   21,680,000 |   |     |              |            - |   |
| Prepaid and other current assets                                                                                  |     |               |    5,618,900 |   |     |              |      513,670 |   |
| Total current assets                                                                                              |     |               |   38,163,856 |   |     |              |   13,952,204 |   |
| Property and equipment, net                                                                                       |     |               |      252,153 |   |     |              |      376,667 |   |
| Goodwill                                                                                                          |     |               |    5,076,791 |   |     |              |