Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 49

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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arrants 
     5,256,218  
     971,258  
     5,256,218  
     327,310 
  
    Private Veea Warrants 
     159,307  
     29,437  
     159,307  
     9,920 
  
    2025 Investor Warrants 
     4,694,429  
     -  
     1,582,006  
     - 
  
    Convertible Notes 
     233,333  
     193,333  
     139,288  
     64.444 

The weighted average potential shares
of common stock that were excluded from the calculation of net income (loss) per share-diluted because the performance or market conditions
associated with these awards were not met are as follows for the periods presented:

    Three Months Ended  September 30,  
    Nine Months Ended September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Earn-Out Liability 
     4,500,000  
            -  
     4,500,000  
             - 

17 - EMPLOYEE 401(k) PLAN

The Company sponsors a 401(k) plan
(the “Plan”) to provide retirement benefits for its employees.

As allowed under Section 401(k) of
the Internal Revenue Code, the Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees.
The Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees. Employee contributions are
limited to a maximum annual amount as set periodically by the Internal Revenue Code. The Company matches pretax and Roth employee contributions
up to 4% of eligible earnings that are contributed by employees. All matching contributions vest immediately. The Company’s matching
contributions to the Plan for the nine months ended September 30, 2025 and 2024, totaled $73,899 and $116,879, respectively. A total of
$237,997 is reflected in accrued expenses in the condensed consolidated balance sheet for matching contributions accrued but not yet paid.

18 - SUBSEQUENT EVENTS

The Company evaluated subsequent events
from September 30, 2025, the date of these financial statements, through the date on which the financial statements were issued (the “Issuance