Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 310

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 310
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 31, 2022                                |     | Total |             |     | Level 1 |             |     | Level 2 |         |     | Level 3 |   |
|:----------------------------------------|:----|:------|------------:|:----|:--------|------------:|:----|:--------|--------:|:----|:--------|:--|
| Assets                                  |     |       |             |     |         |             |     |         |         |     |         |   |
| Investments                             
 held in Trust Account-U.S. Money Market |     | $     | 323,911,642 |     | $       | 323,911,642 |     | $       |       - |     | $       | - |
| Liabilities                             |     |       |             |     |         |             |     |         |         |     |         |   |
| Public                                  
 warrant liability                       |     |       |     191,529 |     |         |     191,529 |     |         |       - |     |         | - |
| Private                                 
 warrant liability                       |     |       |     187,687 |     |         |           - |     |         | 187,687 |     |         | - |
| Total                                   |     | $     |     379,216 |     | $       |     191,529 |     | $       | 187,687 |     | $       | - |

If and when the warrants become redeemable by the Company, the Company may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws.

Forward Purchase Agreement Liability

The estimated fair value of the FPA liability on March 1, 2023 (initial measurement) is determined using Level 3 inputs. The expected term was based on management assumptions regarding the timing and likelihood of completing a business combination. The FPA liability is discounted to net present values using risk free rates. Discount rates were based on current risk-free rates based on the estimated term.

On June 15, 2023, the Company received a termination notice from Sakuu, that terminated, effective June 14, 2023, the Business Combination Agreement, dated March 2, 2023. In light of the termination of the Business Combination Agreement, the FPA was also terminated. As of December 31, 2023 and 2022