Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 65

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 65
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 the Securities Act, and if Veea takes advantage of certain exemptions from disclosure requirements available to “emerging growth companies” or “smaller reporting companies,” this could make its securities less attractive to investors and may make it more difficult to compare its performance with other public companies.

Veea is an “emerging growth company”
within the meaning of the Securities Act, as modified by the JOBS Act, and Veea may take advantage of certain exemptions from various
reporting requirements that are applicable to other public companies that are not “emerging growth companies” including, but
not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced
disclosure obligations regarding executive compensation in Veea’s periodic reports and proxy statements, and exemptions from the
requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments
not previously approved. As a result, Veea’s shareholders may not have access to certain information they may deem important. Veea
could be an emerging growth company for up to five years, although circumstances could cause it to lose that status earlier, including
if the market value of the Common Stock held by non-affiliates exceeds $700 million as of any June 30 before that time, in which case
Veea would no longer be an emerging growth company as of the following December 31. Veea cannot predict whether investors will find its
securities less attractive because Veea will rely on these exemptions. If some investors find Veea’s securities less attractive
as a result of its reliance on these exemptions, the trading prices of its securities may be lower than they otherwise would be, there
may be a less active trading market for its securities and the trading prices of its securities may be more volatile.

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Further, Section
102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting
standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do
not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial
accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with
the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. Veea