Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 62

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 62
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 of a substantial number of shares of Common Stock in the public market could occur. These sales, or the
perception in the market that the holders of a large number of shares intend to sell shares, could reduce the market price of the Common
Stock. As restrictions on resale end and registration statements (filed after the Closing to provide for the resale of such shares from
time to time) are available for use, the sale or possibility of sale of these shares could have the effect of increasing the volatility
in the share price of the Common Stock or the market price of the Common Stock could decline if the holders of currently restricted shares
sell them or are perceived by the market as intending to sell them.

As a public reporting company, Veea is subject to rules and regulations established from time to time by the SEC regarding its internal controls over financial reporting. If Veea fails to establish and maintain effective internal controls over financial reporting and disclosure controls and procedures, it may not be able to accurately report its financial results or report them in a timely manner, which could adversely affect Veea’s business.

Veea is a public reporting company subject to
the rules and regulations established from time to time by the SEC. These rules and regulations require, among other things, and Veea
establish and periodically evaluate, certain procedures with respect to its internal controls over financial reporting. Reporting obligations
as a public company are likely to place a considerable strain on Veea’s financial and management systems, processes, and controls,
as well as on its personnel.

In addition, prior to the Business Combination,
Private Veea was not required to document and test its internal controls over financial reporting nor was Private Veea’s management
required to certify the effectiveness of its internal controls, and its auditors have not been required to opine on the effectiveness
of Private Veea’s internal controls over financial reporting. However, as a public company, Veea is required to document and test
its internal control over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act so that Veea’s management can certify
as to the effectiveness of its internal controls over financial reporting by the time Veea’s second annual report is filed with
the SEC and thereafter, which will require Veea to document and make significant changes to its internal controls over financial reporting.
As a public company, Veea is subject to the reporting requirements of the Exchange Act, the Sarbanes-Oxley Act and the Dodd-Frank Wall
Street Reform and Consumer Protection Act of