Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 66

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 66
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 has not opted
out of such extended transition period which means that when a standard is issued or revised and it has different application dates
for public or private companies, Veea, as an emerging growth company, can adopt the new or revised standard at the time private
companies adopt the new or revised standard. This may make comparison of its financial statements with another public company which
is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period
difficult or impossible because of the potential differences in accounting standards used.

Additionally, Veea is a “smaller reporting
company” as defined in Item 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage of certain reduced disclosure
obligations, including, among other things, providing only two years of audited financial statements. Veea will remain a smaller reporting
company until the last day of the fiscal year in which (i) the market value of the Common Stock held by non-affiliates exceeds $250 million
as of the prior June 30, or (ii) its annual revenues exceeded $100 million during such completed fiscal year and the market value of the
Common Stock held by non-affiliates exceeds $700 million as of the prior June 30. To the extent Veea takes advantage of such reduced disclosure
obligations, it may also make comparison of its financial statements with other public companies difficult or impossible.

A significant portion of Veea’s total outstanding shares are restricted from immediate resale but may be sold into the market in the near future. This could cause the market price of the Common Stock to drop significantly, even if Veea’s business is doing well.

Sales of a substantial number of shares of Veea’s
Common Stock in the public market could occur at any time. These sales, or the perception in the market that the holders of a large number
of shares intend to sell shares, could reduce the market price of the Common Stock.

Although the Plum Sponsor and certain of Veea’s
stockholders are subject to certain restrictions regarding the transfer of the Common Stock, these shares may be sold after the expiration
or early termination of the respective applicable lock-ups under the Lock-Up Agreements. Upon the effectiveness of this registration statement
and as restrictions on resale end, the market price of the Common Stock could decline if the holders of currently restricted shares sell
them or are perceived by the market as intending to sell them.

Veea’s directors, executive officers and principal stock