Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 201

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 201
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, 2023,
the Company performed the qualitative assessment for impairment of its investments. Based on this qualitative assessment, impairment
indicators were present for one of its investments therefore the company performed an analysis to estimate its fair value and recognized
an impairment loss of $174,000 due to a change in the fair value. As of December 31, 2023 and 2022, the carrying value of the Company’s
private company investments, including impairment, for the years ended was $451,874 and $625,940, respectively, and was classified
as Investments on the Company’s consolidated balance sheet as these investments did not have a stated contractual maturity date.

8 - STOCKHOLDERS’ EQUITY

Authorized and Outstanding Capital Stock

In October 2023, the
Company commenced a private placement (the “Series A-2 Private Placement”) of its newly designated Series A-2 Preferred
Stock, par value $.00001 per share (the “Series A-2 Preferred Stock”). The Series A-2 Preferred Stock ranks pari
passu with the Series A-1 Preferred Stock in the event of a liquidation, dissolution or winding up, or deemed liquidation of the
Company. As of December 31, 2023, the Company has (1) issued 12,660,067 shares of Series A-2 Preferred Stock in consideration for approximately
$18.2 million in cash and the conversion of debt and other outstanding obligations totaling approximately $5 million and (2) received
additional subscriptions totaling approximately $2 million for which shares Series A-2 Preferred Stock have not yet been issued as of
such date.

As of December 31,
2023, the number of authorized, issued and outstanding stock is as follows:

|                            |     | As of December 31, 2023 |             |     |             |            |     |              |            |     |             |            |
|:---------------------------|:----|:------------------------|------------:|:----|:------------|-----------:|:----|:-------------|-----------:|:----|:------------|-----------:|
|                            |     | Authorized              
 Shares                  |             |     | Shares      
 Issued and  
 Outstanding |            |     | Net Carrying 
 Value        |            |     | Aggregate   
 Liquidation 
 Preference  |            |
| Series A-2 Preferred Stock |     |                         |  41,000,000 |     |             | 12,660,