Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 223

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 223
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 respectively.

17 - SUBSEQUENT EVENTS

The Company evaluated subsequent
events from December 31, 2023, the date of these financial statements, through May 8, 2024, the date on which the financial statements
were issued (the “Issuance Date”), for events requiring recording or disclosure in the financial statements as of and for
the year ended December 31, 2023. The Company concluded that no events have occurred that would require recognition or disclosure
in the financial statements, except as described below.

On January 15, 2024, the
Company entered into a Purchase Agreement with iFREE Group Holdings Limited (“iFree”) to purchase up to 6,250 next generation
TROLLEE™ smart retail carts (the “Units”), for a purchase price per unit not to exceed $800. The Company paid iFree
a deposit of $5 million for the Units, which shall be refunded to the Company if the Units are not delivered to the Company on or before
June 30, 2024. iFree granted the Company a security interest in the Units until delivery to the Company.

On February 1, 2024, the
Company extended the maturity date of the outstanding Bridge Notes held by NLabs until March 31, 2024; and on March 29, 2024, the maturity
date was subsequently extended to June 30, 2024. All other terms of the Bridge Notes remain the same.

On February 1, 2024, the
Company extended the maturity date of the outstanding Demand Notes held by affiliates of the Company until March 31, 2024; and on March
29, 2024, the maturity date was subsequently extended to June 30, 2024. All other terms of the Demand Notes remain the same.

On February 14, 2024, the
expiration date of the sublease with NLabs covering a portion of the Company’s New York corporate office was extended to March
31, 2024; and on March 29, 2024, the expiration date was subsequently extended to June 30, 2024. All other terms of the sublease remain
the same, including rent and additional rent.

On February 14, 2024, the
expiration date of the lease agreement with 83 Street LLC covering a portion of the Company’s New York corporate office
was extended to March 31, 2024; and on March 29,