Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 202

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 202
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 amortization
expense, including impairment charges, for the years ended December 31, 2023 and 2022 totaled $547,586 and $1,228,336, respectively.
Future estimated amortization expense for the Company’s intangible assets is approximately as follows:

| Future estimated amortization as of December 31, 
 2023:                                            
 2024                                             |     |   |  52,549 |
|:-------------------------------------------------|:----|:--|--------:|
| 2025                                             |     |   |  52,549 |
| 2026                                             |     |   |  52,549 |
| 2027                                             |     |   |  52,549 |
| 2028                                             |     |   |  52,549 |
| Thereafter                                       |     |   | 365,733 |
|                                                  |     | $ | 628,478 |

6 - DEBT

Total outstanding debt of
the Company is comprised of the following, including convertible notes and other related party debt:

|                                            |     |           | As of December 31, 2023 |     |                  |           |     |       |            |     |           | As of December 31, 2022 |     |                  |           |     |       |            |
|:-------------------------------------------|:----|:----------|------------------------:|:----|:-----------------|----------:|:----|:------|-----------:|:----|:----------|------------------------:|:----|:-----------------|----------:|:----|:------|-----------:|
|                                            |     | Principal |                         |     | Accrued Interest |           |     | Total |            |     | Principal |                         |     | Accrued Interest |           |     | Total |            |
| Revolving Loan Facility                    |     | $         |               9,000,000 |     | $                |         - |     | $     |  9,000,000 |     | $         |              14,000,000 |     |                  |           |     | $     | 14,000,000 |
| Convertible Notes, related party (Note 10) |     |           |                       - |     |                  |         - |     |       |          - |     |           |               9,069,516 |     |                  | 1,829,683 |