Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 2036

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9B
Chunk 2036
---
 5,000,000

    Payment of unrelated party debt

    -

    (10,979,611
    )
  
    Proceeds from revolving line of credit

    3,700,000 

    -

    Proceeds from notes - related party

    5,286,016

    2,248,000

    Proceeds from reverse recapitalization

    1,103,640

    -

    Proceeds from the exercise of stock options for common stock

    79,484

    4

    Proceeds from prepaid investor subscriptions

    -

    2,048,776

    Proceeds from the issuance of Class A common stock, net of transaction costs

    9,961,356

    17,256,525

    Net cash provided by financing activities

    21,572,753

    18,573,694

    Effect of exchange rate changes on cash

    (36,743
    )

    58,184

    Net increase (decrease) in cash and cash equivalents

    (4,324,442
    )

    5,824,194

    Cash and cash equivalents at beginning of year

    6,010,075

    185,881

    Cash and cash equivalents at end of year
     
    $
    1,685,633

    $
    6,010,075

    Non-cash activities

    Initial measurement of debt discount on the convertible note
     
    $
    (1,450,000
    )
     
    $
    -

    Initial measurement of the Contingent Financing Costs
     
    $
    549,067

    $
    -

    Initial measurement of the convertible note option liability
     
    $
    900,933

    $
    -

    Conversion of related party notes to Common Stock
     
    $
    2,205,497

    $
    -

    Initial measurement of the convertible note option liability
     
    $
    1,450,000

    $
    -

    Conversion of principal on related party notes to Common Stock
     
    $
    12,598,000

    $
    -

    Conversion of interest on related party notes to Common Stock
     
    $
    3,141,846

    $
    -

    Issuance of Common Stock related to convertible note payable
     
    $
    24