Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 183

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 183
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 expected to be a publicly traded company and an emerging growth
company (“EGC”), as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS
Act, EGCs can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until those standards
apply to private companies. In anticipation of the closing the business combination transaction with Plum, the Company has elected to
use this extended transition period for complying with new or revised accounting standards that have different effective dates for public
and private companies until the earlier of the date that it (i) is no longer an EGC or (ii) affirmatively and irrevocably opts out of
the extended transition period provided in the JOBS Act. As a result, the consolidated financial statements may not be comparable to
the financial statements of companies that comply with the new or revised accounting pronouncements as of dates effective for public
companies. Refer to Note 1 - Description of the Business for further information regarding the proposed business combination transaction.

Segment Information

The Company operates as
a single operating segment. The chief operating decision maker is the Company’s Chief Executive Officer, who makes resource allocation
decisions and assesses performance based on financial information presented on a consolidated basis, accompanied by disaggregated revenue
information. Accordingly, the Company has determined that it has a single reportable segment and operating segment.

Fair Value Measurement

Fair value is defined as
the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an
orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the
use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy is based on three levels of inputs, of
which the first two are considered observable and the last is considered unobservable:

| Level 1 - | Observable inputs obtained from independent sources, such                                                                               
 as quoted market prices for identical assets and liabilities in active markets.                                                         |
| Level 2 - | Other inputs, which are observable directly or indirectly, such as                                                                      
 quoted market prices for similar assets or liabilities in active markets, quoted market prices for identical or similar assets or       
 liabilities in markets that are not active, and inputs that are derived principally from or corroborated by observable market data.     |
| Level 3 - | Unobservable inputs for which there is little or no market data and                                                                     
 require