Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 182

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 182
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                        |   6,010,075 |   |     | $    |     185,881 |   |
| Non-cash activities                                                          |     |                          |             |   |     |      |             |   |
| Conversion of principal on convertible notes to preferred stock - Series A-1 |     | $                        |   8,993,240 |   |     | $    |  57,676,825 |   |
| Conversion of interest on convertible notes to preferred stock - Series A-1  |     | $                        |   1,955,957 |   |     | $    |  11,706,247 |   |
| Deferred financing costs incurred pursuant to issuance of equity             
 warrants                                                                     |     | $                        |           - |   |     | $    |     253,816 |   |
| Conversion of notes payable to Series A-2 Preferred Shares                   |     | $                        |   3,076,274 |   |     | $    |           - |   |
| Conversion of vendor payable to Series A-2 Preferred Shares                  |     | $                        |   1,920,124 |   |     | $    |           - |   |
| Supplemental cash flow information                                           |     |                          |             |   |     |      |             |   |
| Taxes paid                                                                   |     | $                        |      13,070 |   |     | $    |      30,403 |   |
| Interest paid                                                                |     | $                        |     892,336 |   |     | $    |     353,604 |   |

<div align='center'>The accompanying notes are an integral part of these financial statements

F-8

Veea Inc. and Subsidiaries
Notes to Consolidated Financial Statements
Years Ended December 31, 2023 and 2022</div>

1 - DESCRIPTION OF BUSINESS

Veea Inc. (together with
subsidiaries collectively, “Veea” or the “Company”) has developed a Smart platform that is capable of delivering
a wide range of services by intelligently connecting everyone and everything that is IoT-enabled, while making it possible for commercial
and social connections through its platform to offer more contextual, transactional and relevant data. The Company is a highly differentiated
Platform-as-a-Service (PaaS) company with a suite of innovative products and services that can serve many of Smart industries at the