Company: VEEAW
Filing Date: 2025-08-06
Form Type: S-1/A
Source: 0001213900-25-072342
Chunk: 223

Company: VEEA INC.
Filing Date: 2025-08-06
Form: S-1/A
Chunk 223
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 are economically equivalent to the Public Warrants, based on the terms of the
Private Warrant agreement, and as such their value is principally derived by the value of the Public Warrants. Significant deviations
from these estimates and inputs could result in a material change in fair value. During the three months ended March 31, 2025, there
were no transfers amongst level 1, 2, and 3 values during the period.

The conversion feature of the Convertible
Promissory Notes is measured at fair value using a Monte Carlo model that fair values the conversion option.

The following table presents fair value
information as of March 31, 2025 and December 31, 2024, of the Company’s financial assets and liabilities that were accounted for
at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine
such fair value.

| March 31, 2025                    |     | Total |           |     | Level 1 |     | Level 2 |         |     | Level 3 |           |
|:----------------------------------|:----|:------|----------:|:----|:--------|:----|:--------|--------:|:----|:--------|----------:|
| Private warrant liability         |     | $     |   420,497 |     |         |     | $       | 420,497 |     |         |           |
| Convertible note option liability |     |       |     1,000 |     |         |     |         |         |     |         |     1,000 |
| Earn-out share liability          |     |       | 5,030,000 |     |         |     |         |         |     |         | 5,030,000 |
| Total                             |     | $     | 5,451,497 |     | $       |     | $       | 420,497 |     | $       | 5,031,000 |

| December 31, 2024                 |     | Total |            |     | Level 1 |   |     | Level 2 |         |     | Level 3 |            |
|:----------------------------------|:----|:------|-----------:|:----|:--------|:--|:----|:--------|--------:|:----|:--------|-----------:|
| Assets                            |     |       |            |     |         |