Company: VEEAW
Filing Date: 2025-08-06
Form Type: S-1/A
Source: 0001213900-25-072342
Chunk: 84

Company: VEEA INC.
Filing Date: 2025-08-06
Form: S-1/A
Chunk 84
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 for the following purposes:

| ● | Up to approximately 60.0% for investments in inventory and our customer                                     
 support infrastructure that position the Company to capitalize on opportunities with network operators; and |

| ● | The                                                                    
 remaining proceeds for working capital and general corporate purposes. |

This represents our best estimate of the manner in which we will use the net proceeds we receive from this offering based upon the current status of our business, but we have not reserved or allocated amounts for specific purposes and we cannot specify with certainty how or when we will use any of the net proceeds. Amounts and timing of our actual expenditures will depend on numerous factors. Our management will have broad discretion in applying the net proceeds from this offering. See “ Note 4 – Reverse Recapitalization” beginning on page F-40 for additional information on the deferred transaction expenses in connection with the Business Combination. Pending application of the net proceeds as described above, we intend to invest the proceeds to us in investment-grade, interest-bearing securities such as money market funds, certificates of deposit, or direct or guaranteed obligations of the U.S. government, or hold as cash. We cannot predict whether the proceeds invested will yield a favorable, or any, return. Dilution If you invest in our securities in this offering, your interest will be diluted immediately to the extent of the difference between the public offering price paid by the purchasers of the shares of common stock (and pre-funded warrants) and related common warrants sold in this offering and the as adjusted net tangible book value per shares of common stock after this offering. As of March 31, 2025, our as reported net tangible book value was $(17.7) million, or $(0.49) per share of common stock. Net tangible book value per share represents our total tangible assets, less our total liabilities, divided by the number of outstanding shares of our common stock. After giving effect to 4,471,233 shares of common stock issued subsequent to March 31, 2025, including 4,065,689 shares issued along with cash received of $1.0 million for convertible notes issued in connection with the Crowdkeep Transaction (as defined below) ; 117,500 shares sold under the ELOC Purchase Agreement for gross proceeds of $232,340; 100,000 shares issued to a service provider to the Company; 26,666 shares to certain directors and officers; 112,665 shares issued to holders of convertible notes issued by the Company in connection with the Business Combination upon