Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 88

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 88
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 and there is no minimum offering amount required as a condition
to the closing of this offering, the actual offering amount, the placement agent’ fees and net proceeds to us are not presently
determinable and may be substantially less than the maximum amounts set forth on the cover page of this prospectus. As a result, we may
receive significantly less in net proceeds. Based on the assumed offering price set forth above, we estimate that our net proceeds from
the sale of 75%, 50%, 25% and 10% of the securities offered in this offering would be approximately $[__] million, $[__] million, $[__]
million and $[__] million, respectively, after deducting the estimated placement agent fees and estimated offering expenses payable by
us, and assuming no issuance of any pre-funded warrants and assuming no exercise of the common warrants. The combined public offering
price per share (or pre-funded warrant) and common warrants will be fixed for the duration of this offering.

We intend to use the net proceeds from this offering to pay certain transaction expenses deferred at the closing of the Business Combination and for working capital and general corporate purposes. This represents our best estimate of the manner in which we will use the net proceeds we receive from this offering based upon the current status of our business, but we have not reserved or allocated amounts for specific purposes and we cannot specify with certainty how or when we will use any of the net proceeds. Amounts and timing of our actual expenditures will depend on numerous factors. Our management will have broad discretion in applying the net proceeds from this offering. See “ Note 4 – Reverse Recapitalization” beginning on page F-40 for additional information on the deferred expenses in connection with the Business Combination.

Pending application of the
net proceeds as described above, we intend to invest the proceeds to us in investment-grade, interest-bearing securities such as money
market funds, certificates of deposit, or direct or guaranteed obligations of the U.S. government, or hold as cash. We cannot predict
whether the proceeds invested will yield a favorable, or any, return.

<div align='center'>Dilution</div>

If you invest in our securities
in this offering, your interest will be diluted immediately to the extent of the difference between the public offering price paid by
the purchasers of the shares of common stock (and pre-funded warrants) and related common warrants sold in this offering and the as adjusted
net tangible book value per shares of common stock after this offering.

As of March