Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 271

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 271
---
 be disclosed
by Veea in the reports that it will file with the SEC is recorded, processed, summarized, and reported within the time periods specified
in SEC rules and forms and that information required to be disclosed in reports under the Exchange Act is accumulated and communicated
to our principal executive and financial officers. It is expected that Veea will improve its internal controls over financial reporting,
which includes hiring additional accounting and financial personnel to implement such processes and controls. It is expected that Veea
will incur costs related to implementing an internal audit and compliance function in the upcoming years to further improve its internal
controls environment.

Veea
incurs increased costs as a result of being a public company.

As
a publicly traded company, Veea will incur significant legal, accounting, and other expenses that Veea was not required to incur prior
to the closing of the Business Combination, particularly after it is no longer an “emerging growth company.” In addition,
new and changing laws, regulations, and standards relating to corporate governance and public disclosure, including changing regulations
of the SEC and Nasdaq, have created uncertainty for public companies and have increased the costs and the time that Veea’s Board
and management must devote to compliance. Furthermore, the need to establish the corporate infrastructure demanded of a public company
may divert Veea’s management’s attention from implementing its growth strategy, which could negatively affect Veea’s
business, results of operations, and financial condition.

The
rules and regulations applicable to public companies are expected to make it more expensive for Veea to obtain and maintain director
and officer liability insurance, which could adversely affect its ability to attract and retain qualified officers and directors.

The
rules and regulations applicable to public companies are expected to make it more expensive for Veea to obtain and maintain director
and officer liability insurance, and Veea may be required to accept reduced coverage or incur substantially higher costs to obtain coverage.
The amount or timing of additional costs that Veea may incur to respond to these requirements cannot be estimated or predicted. The potential
for increased personal liability could also make it more difficult for Veea to attract and retain qualified members of the Board, particularly
to serve on its audit committee and compensation committee, and qualified executive officers.

Veea
is an emerging growth company and a smaller reporting company within the meaning of the Securities Act, and if Veea takes advantage of
certain exemptions from disclosure requirements available to “emerging growth companies” or “smaller reporting companies,”
this could make its securities less