Company: VEEAW
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001213900-25-074676
Chunk: 85

Company: VEEA INC.
Filing Date: 2025-08-12
Form: S-1/A
Chunk 85
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 return. Dilution If you invest in our securities in this offering, your interest will be diluted immediately to the extent of the difference between the public offering price paid by the purchasers of the shares of common stock (and pre-funded warrants) and related common warrants sold in this offering and the as adjusted net tangible book value per shares of common stock after this offering. As of March 31, 2025, our as reported net tangible book value was $(17.7) million, or $(0.49) per share of common stock. Net tangible book value per share represents our total tangible assets, less our total liabilities, divided by the number of outstanding shares of our common stock. After giving effect to 4,451,901 shares of common stock issued subsequent to March 31, 2025, including 4,065,689 shares issued along with cash received of $1.0 million for convertible notes issued in connection with the Crowdkeep Transaction (as defined below) ; 117,500 shares sold under the ELOC Purchase Agreement for gross proceeds of $232,340; 100,000 shares issued to a service provider to the Company; 26,666 shares to certain directors and officers; 93,333 shares issued to holders of convertible notes issued by the Company in connection with the Business Combination upon conversion of the notes; 34,184 shares issued to certain employees; and 14,529 issued upon exercise of outstanding stock options for net proceeds of $7.26, our proforma net tangible book value was $(19.9) million, or $(0.49) per share of common stock. Dilution represents the difference between the amount per share paid by purchasers in this offering and the as adjusted net tangible book value per share of common stock after the offering. After giving effect to the sale of 6,206,897 shares of common stock and accompanying common warrants in this offering at an assumed offering price of $1.45 per share, which was the closing price of our common stock as reported on Nasdaq on August 4, 2025 and after deducting Placement Agent fees and estimated offering expenses payable by us, but without adjusting for any other change in our net tangible book value subsequent to March 31, 2025, our pro forma as adjusted net tangible book value would have been $(0.24) per share. This represents an immediate increase in net tangible book value on a reported basis of $0.25, and on a pro forma basis of $0.25 per