Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 63

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 63
---
 2010, as well as rules adopted, and to be adopted, by the SEC and Nasdaq, and other applicable
securities rules and regulations, which impose various requirements on public companies, including the establishment and maintenance of
effective disclosure and financial controls and changes in corporate governance practices. Veea’s management and other personnel
will need to devote a substantial amount of time to these public company requirements. Moreover, these rules and regulations may substantially
increase Veea’s legal and financial compliance costs and may make some activities more time-consuming and costly. Veea may need
to hire additional legal, accounting and financial staff with appropriate public company experience and technical accounting knowledge
and maintain an internal audit function.

Veea will develop and refine its disclosure controls
and other procedures that are designed to ensure that information required to be disclosed by Veea in the reports that it will file with
the SEC is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms and that information
required to be disclosed in reports under the Exchange Act is accumulated and communicated to our principal executive and financial officers.
It is expected that Veea will improve its internal controls over financial reporting, which includes hiring additional accounting and
financial personnel to implement such processes and controls. It is expected that Veea will incur costs related to implementing an internal
audit and compliance function in the upcoming years to further improve its internal controls environment.

<div align='center'>27</div>

Veea incurs increased costs as a result of being a public company.

As a publicly traded company, Veea will incur
significant legal, accounting, and other expenses that Veea was not required to incur prior to the closing of the Business Combination,
particularly after it is no longer an “emerging growth company.” In addition, new and changing laws, regulations, and standards
relating to corporate governance and public disclosure, including changing regulations of the SEC and Nasdaq, have created uncertainty
for public companies and have increased the costs and the time that Veea’s Board and management must devote to compliance. Furthermore,
the need to establish the corporate infrastructure demanded of a public company may divert Veea’s management’s attention from
implementing its growth strategy, which could negatively affect Veea’s business, results of operations, and financial condition.

The rules and regulations applicable to public companies are expected to make it more expensive for Veea to obtain and maintain director and officer liability insurance, which could adversely affect its ability to attract and retain qualified officers and directors.

The rules and