Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 287

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 287
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 instrument which resulted in the Company remeasuring the derivative instrument at fair value at each reporting period with the changes in fair value recorded within earnings. However, the subscription liability should not have been remeasured at fair value at each reporting period and should have been accounted for using the relative fair value method of accounting in accordance with ASC 470. The subscription liability recorded within the condensed consolidated balance sheets was overstated, and the change in fair value recorded within the condensed consolidated statements of operations resulted in the recognition of additional (expense) and income for certain periods as identified above.

(b) Debt discount

The debt discount corresponding to the subscription liability recorded within the condensed consolidated balance sheets was overstated, and the amortization of the debt discount within the condensed consolidated statements of operations resulted in the recognition of additional (expense) and income for certain periods as identified above.

(c) Additional paid-in capital

The correction of the subscription liability resulted in an increase in additional paid-in capital.

(d) Accumulated deficit

The correction of the subscription liability and debt discount resulted in additional (expense) and income for certain periods as identified above.

<div align='center'>F-75</div>

NOTE 2 - RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS(cont.)

Description of Restatement Tables

The impact of the revision on the Company’s financial statements is reflected in the following table:

| Unaudited Condensed Consolidated                                  
 Balance Sheet as of September 30, 2023                            |     | As       
 Reported |             |   |     | Adjustment |            |   |     | As       
 Restated |             |   |
|:------------------------------------------------------------------|:----|:---------|------------:|:--|:----|:-----------|-----------:|:--|:----|:---------|------------:|:--|
| Debt                                                              
 discount                                                          |     | $        |   4,372,334 |   |     | $          | (4,372,334 | ) |     | $        |           - |   |
| Total                                                             
 assets                                                            |     | $        |  39,589,273 |   |     | $          | (4,372,334 | ) |     | $        |  35,216,939 |   |
| Subscription                                                      
 liability                                                         |     | $        |   9,191,162 |   |     | $          | (9,191,162 | ) |     | $        |