Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 175

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 175
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 we are
not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts
or disclosures to which they relate.

Valuation of Inventory

As described in Note 4,
to the financial statements, the Company’s inventory, net at December 31, 2023, was $7.4 million. Inventory consists
primarily of finished goods and is valued at the lower of cost and net realizable value. The Company records a provision for aged, obsolete,
or unsellable inventory, which can involve a high degree of judgment. The Company annually reviews its inventory and identifies factors
which may include future demand, market conditions, technological changes, product life cycle and development plans, component cost trends,
product pricing, physical deterioration and quality issues.

The valuation of inventory
was identified as a critical audit matter because of the significant assumptions management makes with regards to its valuation of inventory
and the increased extent of effort required performing audit procedures to evaluate the reasonableness of management’s assumptions
and estimates.

The primary procedures we
performed to address this critical audit matter included:

| ● | Performed                                                    
 independent test counts of the Company’s physical inventory. |

| ● | Obtained                                                                  
 an understanding of management’s process over the valuation of inventory. |

| ● | Evaluated                                                                                        
 the reasonableness of the significant assumptions by testing inventory costs based on historical 
 third-party purchases.                                                                           |

| ● | Evaluated                                                                                
 the appropriateness of management’s methodologies used, as well as the significant       
 assumptions and inputs, in developing their assessment of net realizable value and their 
 estimated reserve for inventory, by comparing significant assumptions used by management 
 to historical information, independent calculations, evidence obtained in other areas of 
 the audit, recent selling prices and costs.                                              |

| ● | Tested                                                                                        
 the mathematical accuracy of the calculations performed along with assessing the completeness 
 and accuracy of the information used in the calculations.                                     |

/s/ PKF O’Connor Davies, LLP

New York, New York
April 2, 2024, except for Note 17, as to which the date is May 8, 2024.

We have served as the Company’s auditor since August 8,
2023.

PCAOB ID No. 127

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F-3

Veea Inc. and Subsidiaries
Consolidated Balance Sheets
As of December 31, 2023 and