Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 278

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 278
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 the three and nine months ended September 30, 2024. The fair value of the Earn-out Share Liabilities was
estimated using Monte Carlo simulation utilizing assumptions related to the contractual term of the instruments, estimated volatility,
the and current interest rates. A significant driver of the value of the Earn-out Share Liabilities at the close of the Business Combination
was our closing stock price on September 13, 2024 which was $12.00.

The following table presents the changes
in fair value of the earn-out liabilities:

| Liability at January 1, 2024      |     | For the three and nine months 
 September 30,                 
 2024                          |           - |   |
|:----------------------------------|:----|:------------------------------|------------:|:--|
| Initial value, September 13, 2024 |     |                               |  53,600,000 |   |
| Change in fair value              |     |                               | (24,750,000 | ) |
| Balance as of September 30, 2024  |     | $                             |  28,850,000 |   |

The key inputs for the Earn-out Share
Liability were as follows at September 13, 2024 initial value, and at September 30, 2024:

|                       |     |   | September 30, 
          2024 |   |     |   | September 13, 
          2024 |   |
|:----------------------|:----|:--|--------------:|:--|:----|:--|--------------:|:--|
| Stock Price           |     | $ |          6.50 |   |     | $ |         12.00 |   |
| Expected term (years) |     |   |            10 |   |     |   |            10 |   |
| Volatility            |     |   |          75.0 | % |     |   |          70.0 | % |
| Risk-Free Rate        |     |   |          3.81 | % |     |   |          3.66 | % |

14 - EARNINGS PER
SHARE

The computation of basic and dilutive
net loss per share attributable to common stockholders for the three and nine months ended September 30, 2024 and 2023 are as follows:

| Numerator:                                                     |     | Nine Months ended 
 September