Company: VEEAW
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001213900-25-046124
Chunk: 95

Company: VEEA INC.
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 8
Chunk 95
---
 to common shareholders
     
    $
    4,299,052

    $
    (6,547,412
    )
  
    Denominator:

    Weighted-average common shares outstanding

    36,369,224

    21,115,617

    Net income (loss) per share – basic:
     
    $
    0.12

    $
    (0.31
    )
  
    Diluted:

    Numerator:

    Net income (loss) attributable to common and common equivalent shareholders

    4,299,052

    (6,547,412
    )
  
    Denominator:

    Weighted-average common stock outstanding

    36,369,224

    21,115,617

    Stock options, warrants, Earn-Out Liability, and convertible notes outstanding to purchase shares of common stock

    214,441

    -

    Total common and common equivalent shares outstanding

    36,583,665

    21,115,617

    Net income (loss) per share – diluted:
     
    $
    0.12

    $
    (0.31
    )

The weighted average potential shares of common stock that were excluded
from the calculation of net income (loss) per share-diluted for the periods presented because including them would have been anti-dilutive
consisted of the following:

    Three Months ended March 31, 

    2025  
    2024 
  
    Stock options outstanding to purchase shares of common stock 
     4,145,706  
     - 
  
    Public and Private Warrants 
     11,799,851  
     - 
  
    Earn-Out Liability 
     4,500,000  
     - 

16 - EMPLOYEE 401(k) PLAN

The Company sponsors a 401(k) plan
(the “Plan”) to provide retirement benefits for its employees.

As allowed under Section 401(k) of
the Internal Revenue Code, the Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees.
The Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees. Employee contributions are
limited to a maximum annual amount as set periodically by the Internal Revenue Code. The Company matches pretax and Roth employee contributions
up to 4% of eligible earnings that are contributed by employees. All matching contributions vest immediately. The Company’s