Company: VEEAW
Filing Date: 2025-07-23
Form Type: S-1
Source: 0001213900-25-066815
Chunk: 221

Company: VEEA INC.
Filing Date: 2025-07-23
Form: S-1
Chunk 221
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 level 1, 2, and 3 values during the period.

The conversion feature of the Convertible
Promissory Notes is measured at fair value using a Monte Carlo model that fair values the conversion option.

The following table presents fair value
information as of March 31, 2025 and December 31, 2024, of the Company’s financial assets and liabilities that were accounted for
at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine
such fair value.

| March 31, 2025                    |     | Total |           |     | Level 1 |     | Level 2 |         |     | Level 3 |           |
|:----------------------------------|:----|:------|----------:|:----|:--------|:----|:--------|--------:|:----|:--------|----------:|
| Private warrant liability         |     | $     |   420,497 |     |         |     | $       | 420,497 |     |         |           |
| Convertible note option liability |     |       |     1,000 |     |         |     |         |         |     |         |     1,000 |
| Earn-out share liability          |     |       | 5,030,000 |     |         |     |         |         |     |         | 5,030,000 |
| Total                             |     | $     | 5,451,497 |     | $       |     | $       | 420,497 |     | $       | 5,031,000 |

| December 31, 2024                 |     | Total |            |     | Level 1 |   |     | Level 2 |         |     | Level 3 |            |
|:----------------------------------|:----|:------|-----------:|:----|:--------|:--|:----|:--------|--------:|:----|:--------|-----------:|
| Assets                            |     |       |            |     |         |   |     |         |         |     |         |            |
| Money Market Funds                |     | $     |          - |     | $       | - |     | $       |       - |     | $       |          - |
| Liabilities                       |     |       |            |     |         |   |     |         |         |