Company: VEEAW
Filing Date: 2025-07-23
Form Type: S-1
Source: 0001213900-25-066815
Chunk: 84

Company: VEEA INC.
Filing Date: 2025-07-23
Form: S-1
Chunk 84
---
 how or when we will use any of the net proceeds. Amounts and timing of our actual expenditures will depend on numerous factors. Our management will have broad discretion in applying the net proceeds from this offering. See “ Note 4 – Reverse Recapitalization” beginning on page F-40 for additional information on the deferred expenses in connection with the Business Combination. Pending application of the net proceeds as described above, we intend to invest the proceeds to us in investment-grade, interest-bearing securities such as money market funds, certificates of deposit, or direct or guaranteed obligations of the U.S. government, or hold as cash. We cannot predict whether the proceeds invested will yield a favorable, or any, return. Dilution If you invest in our securities in this offering, your interest will be diluted immediately to the extent of the difference between the public offering price paid by the purchasers of the shares of common stock (and pre-funded warrants) and related common warrants sold in this offering and the as adjusted net tangible book value per shares of common stock after this offering. As of March 31, 2025, our as reported net tangible book value was $(17.7) million, or $(0.49) per share of common stock. Net tangible book value per share represents our total tangible assets, less our total liabilities, divided by the number of outstanding shares of our common stock. After giving effect to 4,405,235 shares of common stock issued subsequent to March 31, 2025, including 117,500 shares issued under the Company’s ELOC Purchase Agreement (as defined below) for gross proceeds of $232,340, our proforma net tangible book value was $(17.2) million, or $(0.42) per share of common stock. Dilution represents the difference between the amount per share paid by purchasers in this offering and the as adjusted net tangible book value per share of common stock after the offering. After giving effect to the sale of [__] shares of common stock and accompanying common warrants in this offering at an assumed offering price of $[__] per share, which was the closing price of our common stock as reported on Nasdaq on [__], 2025 and after deducting Placement Agent fees and estimated offering expenses payable by us, but without adjusting for any other change in our net tangible book value subsequent to March 31, 2025, our pro forma as adjusted net tangible book value would have been $[__] per share. This represents an immediate increase in net tangible book value on