Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 273

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 273
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 September          
 30,                
 2024               |             |   |     | 2023 |            |
|:---------------------------------------------------|:----|:-------------------|------------:|:--|:----|:-----|-----------:|
| Net loss                                           |     | $                  | (33,323,555 | ) |     | $    |  1,961,799 |
| Denominator:                                       |     |                    |             |   |     |      |            |
| Weighted-average common shares outstanding - basic |     |                    |  22,292,374 |   |     |      | 16,427,124 |
| Earnings per share - basic:                        |     |                    |             |   |     |      |            |
| Net income (loss)                                  |     | $                  |       (1.49 | ) |     | $    |       0.12 |

| Numerator:                                           |     | Three Months ended 
 September          
 30,                
 2024               |             |   |     | 2023 |            |
|:-----------------------------------------------------|:----|:-------------------|------------:|:--|:----|:-----|-----------:|
| Net loss                                             |     | $                  | (33,323,555 | ) |     | $    |  1,961,799 |
| Denominator:                                         |     |                    |             |   |     |      |            |
| Weighted-average common shares outstanding - diluted |     |                    |  22,292,374 |   |     |      | 16,427,124 |
| Earnings per share - diluted:                        |     |                    |             |   |     |      |            |
| Net income (loss)                                    |     | $                  |       (1.49 | ) |     | $    |       0.12 |

15 - SEGMENTATION

As described in Note 3, the Company
operates as one reportable segment - sale of smart computing hubs and related subscriptions and licenses.

Major Customers

For the three months ended September
30, 2024 two customers accounted for 10% and 50% of the Company’s revenue. For the nine months ended September 30, 2024 one customer
accounted for 26% of the Company’s revenue. For the three and nine months ended September 30, 2023, one customer accounted for