Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 225

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 225
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 by the Company’s insurance carrier.

<div align='center'>F-31

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

11 - COMMITMENTS AND CONTINGENCIES (cont.)

Other Commitments

In connection with the Business
Combination transaction, Veea agreed to pay certain legal expenses contingent upon the closing of the Business Combination. As of December 31,
2023, the amount of the deferred fees totaled approximately $104,000.

12 - FAIR VALUE MEASUREMENTS

Money Market Funds

The Money Market Funds are
classified within Level 1 as these securities are traded on an active public market. As of December 31, 2023, the Company held approximately
$120,000 in money market funds. The Company held no money market funds at December 31, 2022.

13 - EARNINGS PER SHARE

The computation of basic
and dilutive net loss per share attributable to common stockholders for the years ended December 31, 2023 and December 31,
2022 are as follows:

| Numerator:                                               |     | Years Ended December 31, 
 2023                     |             |   |     | 2022 |             |   |
|:---------------------------------------------------------|:----|:-------------------------|------------:|:--|:----|:-----|------------:|:--|
| Net loss attributable to Veea Inc.                       |     | $                        | (15,638,589 | ) |     | $    | (35,167,089 | ) |
| Denominator:                                             |     |                          |             |   |     |      |             |   |
| Weighted-average common shares outstanding - and diluted |     |                          |   7,235,733 |   |     |      |   7,203,514 |   |
| Earnings per share:                                      |     |                          |             |   |     |      |             |   |
| Net loss attributable to Veea Inc. per share - basic     
 and diluted                                              |     |                          |       (2.16 | ) |     |      |       (4.89 | ) |

The following outstanding
balances of securities have been excluded from the calculation of diluted weighted average common shares outstanding and diluted net
loss per share for the years ended December 31, 2023 and 2022 because the effect of