Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 11

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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    Purchase of intangible assets and trademarks 
     (224,949) 
     (174,258)
  
    Net cash used in investing activities 
     (224,949) 
     (207,697)
  
    Cash flows from financing activities 

    Proceeds from revolving line of credit 
     1,300,000  
     3,700,000 
  
    Proceeds from related party notes 
     3,176,000  
     - 
  
    Proceeds from issuance of convertible notes 
     1,000,000  
     1,450,000 
  
    Proceeds from the issuance of shares under equity line of credit facility 
     836,766  

    Proceeds from reverse recapitalization 
     -  
     1,103,640 
  
    Proceeds from lock-up share release 
     -  
     242,248 
  
    Proceeds from the issuance of common stock, net of transaction costs 
     4,828,750  
     9,961,356 
  
    Proceeds from exercise of stock options for common stock 
     19  
     79,484 
  
    Net cash provided by financing activities 
     11,141,535  
     16,536,728 

    Effect of exchange rate changes on cash 
     (16,346) 
     293,421 

    Net decrease in cash and cash equivalents 
     (614,482) 
     (3,207,105)
  
    Cash and cash equivalents at beginning of period 
     1,685,633  
     6,010,075 
  
    Cash and cash equivalents at end of period 
    $1,071,151  
    $2,802,970 

    Non-cash activities 

    Initial measurement of debt discount on the convertible note 
     -  
     (1,450,000)
  
    Conversion of related party notes to Common Stock 
     3,176,000  
     2,205,497 
  
    Conversion of interest on related party notes to Common Stock 
     63,096  
     3,141,846 
  
    Initial measurement of the convertible note option liability 
     -  
     1,450,000 
  
    Conversion of principal on related party notes to Common