Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 676

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 676
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 of the valuation techniques the Company utilized to determine such fair value.

    December
    31, 2024 
    Total  
    Level
    1  
    Level
    2  
    Level
    3 
  
    Assets 

    Money
    Market Funds 
    $-  
    $-  
    $-  
    $- 
  
    Liabilities 

    Private
    warrant liability 
     840,995  
     -  
     840,955  
     - 
  
    Convertible
    note option liability 
     60,000  
     -  
     -  
     60,000 
  
    Earn-out Share Liability 
     15,560,000  
           -  
     -  
     15,560,000 
  
    Total 
    $16,460,995  
    $-  
    $840,995  
    $15,620,000 

    December 31, 2023 
    Total  
    Level 1  
    Level 2  
    Level 3 
  
    Assets 

    Money Market Funds 
    $120,000  
    $120,000  
    $                  -  
    $                  - 

F-35

Veea
Inc. and Subsidiaries
Notes to the Consolidated Financial Statements 
For the Years ended December 31, 2024 and 2023

Convertible
Note Option Liability

The Company established the initial fair value for the Convertible
Note Option Liability as of September 13, 2024, which was the date of the Financing Closing . On December 31, 2024, the fair value was
remeasured using an option pricing model. The option pricing model was used to value the Convertible Note Option liability for the initial
period and subsequent measurement periods.

The
Convertible Note Option liability was classified within Level 3 of the fair value hierarchy at the initial measurement date and as of
and December 31, 2024, due to the use of unobservable inputs. The key inputs into the option pricing model for the Convertible Note Option
liability were as follows at September 13, 2024  initial value and at December 31, 2024:

    December 31, 2024