Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 289

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 289
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 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.

    June 30, 2025 
    Total  
    Level 1  
    Level 2  
    Level 3 
  
    Private warrant liability 
    $735,870  
    $      -  
    $735,870  
    $- 
  
    Convertible note option liability 
     270  
     -  
     -  
     270 
  
    Earn-out share liability 
     6,760,000  
     -  
     -  
     6,760,000 
  
    Total 
    $7,496,140  
     -  
     735,870  
     6,760,270 

    December 31, 2024 
    Total  
    Level 1  
    Level 2  
    Level 3 
  
    Assets 

    Money Market Funds 
    $-  
    $    -  
    $-  
    $- 
  
    Liabilities 

    Private warrant liability 
     840,994  
     -  
     840,994  
     - 
  
    Convertible note option liability 
     60,000  
     -  
     -  
     60,000 
  
    Earn-out Share Liability 
     15,560,000  
     -  
     -  
     15,560,000 
  
    Total 
    $16,460,994  
     -  
     840,994  
     15,620,000 

Convertible Note Option
Liability

The Company established the initial
fair value for the convertible note option liability as of September 13, 2024, which was the date the Convertible Note was executed. As
of June 30, 2025, the fair value was remeasured using an option pricing model. The option pricing model was used to value the convertible
note option liability for the initial periods and subsequent measurement periods.

The convertible note option liability
was classified within Level