Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 294

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 294
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 method of accounting in accordance with ASC 470. The subscription liability recorded within the condensed consolidated balance sheets was overstated, and the change in fair value recorded within the condensed consolidated statements of operations resulted in the recognition of additional (expense) and income for certain periods as identified above.

(b) Debt discount

The debt discount corresponding to the subscription liability recorded within the condensed consolidated balance sheets was overstated, and the amortization of the debt discount within the condensed consolidated statements of operations resulted in the recognition of additional (expense) and income for certain periods as identified above.

(c) Additional paid-in capital

The correction of the subscription liability resulted in an increase in additional paid-in capital.

(d) Accumulated deficit

The correction of the subscription liability and debt discount resulted in additional (expense) and income for certain periods as identified above.

<div align='center'>F-75</div>

Description of Restatement Tables

| Unaudited Condensed                                               
 Consolidated Balance Sheet as of September 30, 2023               |     | As       
 Reported |             |   |     | Adjustment |            |   |     | As       
 Restated |             |   |
|:------------------------------------------------------------------|:----|:---------|------------:|:--|:----|:-----------|-----------:|:--|:----|:---------|------------:|:--|
| Debt                                                              
 discount                                                          |     | $        |   4,372,334 |   |     | $          | (4,372,334 | ) |     | $        |           - |   |
| Total                                                             
 assets                                                            |     | $        |  39,589,273 |   |     | $          | (4,372,334 | ) |     | $        |  35,216,939 |   |
| Subscription                                                      
 liability                                                         |     | $        |   9,191,162 |   |     | $          | (9,191,162 | ) |     | $        |           - |   |
| Subscription                                                      
 liability, net of debt discount                                   |     | $        |           - |   |     | $          |  1,060,112 |   |     | $        |   1,060,112 |   |
| Total                                                             
 current liabilities                                               |     | $        |  14,676,822 |   |     | $          | (8,131,050 | ) |     | $