Company: VEEAW
Filing Date: 2025-07-23
Form Type: S-1
Source: 0001213900-25-066815
Chunk: 224

Company: VEEA INC.
Filing Date: 2025-07-23
Form: S-1
Chunk 224
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 21,115,617 |   |
| Net income (loss) per share – diluted:                                                                            |     | $                  |       0.12 |     | $    |      (0.31 | ) |

The weighted average potential shares of common stock that were excluded
from the calculation of net income (loss) per share-diluted for the periods presented because including them would have been anti-dilutive
consisted of the following:

|                                                              |     | Three Months ended 
          March 31, |            |     |      |   |
|                                                              |     |               2025 |            |     | 2024 |   |
| Stock options outstanding to purchase shares of common stock |     |                    |  4,145,706 |     |      | - |
| Public and Private Warrants                                  |     |                    | 11,799,851 |     |      | - |
| Earn-Out Liability                                           |     |                    |  4,500,000 |     |      | - |

16 - EMPLOYEE 401(k) PLAN The Company sponsors a 401(k) plan (the “Plan”) to provide retirement benefits for its employees. As allowed under Section 401(k) of the Internal Revenue Code, the Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees. The Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees. Employee contributions are limited to a maximum annual amount as set periodically by the Internal Revenue Code. The Company matches pretax and Roth employee contributions up to 4% of eligible earnings that are contributed by employees. All matching contributions vest immediately. The Company’s matching contributions to the Plan for the three months ended March 31, 2025 and 2024, totaled $ 37,240and $ 40,553, respectively. 17 - SUBSEQUENT EVENTS The Company evaluated subsequent events from March 31, 2025, the date of these financial statements, through the date on which the financial statements were issued (the “Issuance Date”), for events requiring recording or disclosure in the financial statements as of and for the three months ended March 31, 2025. The Company concluded that no events have occurred that would require recognition or disclosure in the financial statements, except as described below. Asset Purchase Transaction with Crowdkeep, Inc. Asset Purchase Agreement On May 13, 2025, the Company entered into an Asset Purchase Agreement (the “APA”)