Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 264

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 264
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ies but also to transfers between Veea and its subsidiaries.
Many jurisdictions have passed laws in this area, and other jurisdictions are considering imposing additional restrictions. The European
Commission adopted the European General Data Protection Regulation (the “GDPR”), which went into effect on May 25, 2018.
In addition, California adopted significant new consumer privacy laws that became effective beginning in January 2020. Complying with
the GDPR and other requirements may cause Veea to incur substantial costs and may require it to change our business practices.

Despite Veea’s efforts to comply with applicable laws, regulations
and other obligations relating to privacy, data protection and information security, it is possible that Veea’s practices, product
offerings or platform could fail to meet all of the requirements imposed on Veea by legislation relating to cybersecurity, data security
and/or related implementing regulations. Any failure on Veea’s part to comply with such law or regulations or any other obligations
relating to privacy, data protection or information security, or any compromise of security that results in unauthorized access, use or
release of personally identifiable information or other data, or the perception or allegation that any of the foregoing types of failure
or compromise has occurred, could damage Veea’s reputation, discourage new and existing counterparties from contracting with Veea
or result in investigations, fines, suspension or other penalties and private claims or litigation, any of which could materially adversely
affect Veea’s business, financial condition and results of operations. Even if Veea’s practices are not subject to legal challenge,
the perception of privacy concerns, whether or not valid, may harm its reputation and brand and adversely affect its business, financial
condition and results of operations. Moreover, the legal uncertainty created by certain of these laws, including the data security laws,
and recent government actions could materially adversely affect its ability, on favorable terms, to raise capital. Compliance with data
security and personal information protection laws, may result in additional expenses to Veea and subject it to negative publicity, which
could harm Veea’s reputation among users and negatively affect the trading price of its shares in the future. Furthermore, Veea’s
data transfer policies may be subject to additional compliance requirement and regulatory burdens, and Veea may be required to make further
adjustments to its business practices to comply with the interpretation and implementation of such laws, which may increase our compliance
costs and adversely affect our operating results.

Veea
is required to comply with anti-corruption (including anti-b