Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 274

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 274
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, 2024. The fair value of the Earn-out Share Liabilities was estimated using
Monte Carlo simulation utilizing assumptions related to the contractual term of the instruments, estimated volatility, the and current
interest rates. A significant driver of the value of the Earn-out Share Liabilities at the close of the Business Combination was our closing
stock price on September 13, 2024 which was $.

| Liability at January 1, 2024      |     | For the three and nine months 
 September 30,                 
 2024                          |           - |   |
|:----------------------------------|:----|:------------------------------|------------:|:--|
| Initial value, September 13, 2024 |     |                               |  53,600,000 |   |
| Change in fair value              |     |                               | (24,750,000 | ) |
| Balance as of September 30, 2024  |     | $                             |  28,850,000 |   |

|                       |     |   | September 30, 
          2024 |   |     |   | September 13, 
          2024 |   |
|:----------------------|:----|:--|--------------:|:--|:----|:--|--------------:|:--|
| Stock Price           |     | $ |          6.50 |   |     | $ |         12.00 |   |
| Expected term (years) |     |   |            10 |   |     |   |            10 |   |
| Volatility            |     |   |          75.0 | % |     |   |          70.0 | % |
| Risk-Free Rate        |     |   |          3.81 | % |     |   |          3.66 | % |

14 - EARNINGS PER SHARE

| Numerator:                                                     |     | Nine Months ended 
 September 30,     
 2024              |             |   |     | 2023 |            |   |
|:---------------------------------------------------------------|:----|:------------------|------------:|:--|:----|:-----|-----------:|:--|
| Net loss                                                       |     | $                 | (46,620,619 | ) |     | $    | (9,409,208 | ) |
| Denominator:                                                   |     |                   |             |   |     |