Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 175

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 175
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ING IS FOR INFORMATIONAL PURPOSES ONLY. EACH PROSPECTIVE INVESTOR IN the COMMON STOCKSHOULD CONSULT ITS TAX ADVISOR WITH RESPECT TO THE PARTICULAR TAX CONSEQUENCES TO SUCH HOLDER OF THE OWNERSHIP AND DISPOSITION OF SHARES OF COMMON STOCK, INCLUDING THE EFFECTS OF U.S. FEDERAL, STATE, AND LOCAL AND NON-U.S. TAX LAWS.

U.S. Holders

As used in this prospectus, a “U.S. Holder” is a beneficial owner of Common Stock who or that is, for U.S. federal income tax purposes:

| ● | an                                                   
 individual citizen or resident of the United States; |

| ● | a                                                                                           
 corporation (or other entity that is treated as a corporation for U.S. federal income tax   
 purposes) that is created or organized (or treated as created or organized) in or under the 
 laws of the United States or any state thereof or the District of Columbia;                 |

| ● | an                                                                                         
 estate the income of which is subject to U.S. federal income tax regardless of its source; 
 or                                                                                         |

| ● | a                                                                                               
 trust if (i) a U.S. court can exercise primary supervision over the administration of such      
 trust and one or more United States persons (within the meaning of the Code) have the authority 
 to control all substantial decisions of the trust or (ii) it has a valid election in place      
 to be treated as a United States person.                                                        |

The following describes U.S. federal income tax considerations to a U.S. Holder relating to the ownership and disposition of shares of Common Stock.

Distributions on the Common Stock

In general, distributions with respect to the Common Stock will be subject to tax as dividends to the extent paid out of the Company’s current or accumulated earnings and profits, as determined under U.S. federal income tax principles. Such income will be includible in the gross income of a U.S. Holder as ordinary income on the day actually or constructively received by such holder.

To the extent that the amount of any distribution exceeds the Company’s current and accumulated earnings and profits, as determined under U.S. federal income tax principles, the excess will first be treated as a tax-free return of capital, causing a reduction (but not below zero) in the adjusted tax basis of a U.S. Holder’s Common Stock. The amount of any remaining excess will be subject to tax as capital gain recognized on a sale or exchange as described below under “