Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 118

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 118
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 and at their fair value on each balance sheet date thereafter.
Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss in the Company’s consolidated statements
of operations.

Recent Accounting Pronouncements

A discussion of recent accounting
pronouncements applicable to Veea is described in Note 3, Summary of Significant Accounting Policies, which are described in Note 3 to
the unaudited financial statements of Veea as of September 30, 2024 and for the nine months then ended included with this prospectus.

Emerging Growth Company Status

Veea is an emerging growth
company as defined in the JOBS Act. The JOBS Act permits companies with emerging growth company status to take advantage of an extended
transition period to comply with new or revised accounting standards, delaying the adoption of these accounting standards until they would
apply to private companies. Veea has elected to use this extended transition period to enable it to comply with new or revised accounting
standards that have different effective dates for public and private companies until the earlier of the date it (i) is no longer an emerging
growth company or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. As a result,
Veea’s financial statements may not be comparable to companies that comply with the new or revised accounting standards as of public
company effective dates.

In addition, Veea
intends to rely on the other exemptions and reduced reporting requirements provided by the JOBS Act. Subject to certain conditions
set forth in the JOBS Act, if, as an emerging growth company, Veea intends to rely on such exemptions, it is not required to, among
other things: (i) provide an auditor’s attestation report on our system of internal controls over financial reporting pursuant
to Section 404(b) of the Sarbanes-Oxley Act; (ii) provide all of the compensation disclosure that may be required of non-emerging
growth public companies under the Dodd-Frank Wall Street Reform and Consumer Protection Act; (iii) comply with any requirement that
may be adopted by the Public Company Accounting Oversight Board regarding mandatory audit firm rotation or a supplement to the
auditor’s report providing additional information about the audit and the financial statements (auditor discussion and
analysis); and (iv) disclose certain executive compensation-related items such as the correlation between executive compensation and
performance and comparisons of the Chief Executive Officer’s compensation to median employee compensation. Veea will