Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 178

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 178
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 |     | F-70 |
| Consolidated                                                                 
 Statements of Cash Flows                                                     |     | F-71 |
| Notes                                                                        
 to Consolidated Financial Statements                                         |     | F-72 |

<div align='center'>F-1

Report of Independent Registered Public Accounting Firm</div>

To the Stockholders and the Board of Directors
of Veea Inc.

Opinion on the Consolidated Financial Statements

We have audited the accompanying
consolidated balance sheets of Veea Inc. and Subsidiaries (the “Company”) as of December 31, 2023 and 2022, and the
related consolidated statements of operations, comprehensive loss, stockholder’s equity (deficit), and cash flows for each of the
two years in the period ended December 31, 2023, and the related notes (collectively referred to as the “consolidated
financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial
position of the Company as of December 31, 2023 and 2022, and the results of its operations and its cash flows for each of the two years
in the period ended December 31, 2023, in conformity with accounting principles generally accepted in the United States of
America.

Emphasis of Matter - Revenue Concentration

Approximately 99% of the
Company’s 2023 revenue is derived from one customer. Our opinion is not modified with respect to this matter.

Basis for Opinion

These consolidated financial
statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s
consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting
Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance
with the U.S. federal securities laws and the applicable rules and regulations of and the PCAOB.

We conducted our audits
in accordance with the auditing standards of the PCAOB and in accordance with auditing standards generally accepted in the United States
of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated
financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were
we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an