Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 228

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 228
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 by affiliates of the Company until March 31, 2024; and on March 29, 2024, the maturity date
was subsequently extended to June 30, 2024. All other terms of the Demand Notes remain the same.

On February 14, 2024, the expiration date of the
sublease with NLabs covering a portion of the Company’s New York corporate office was extended to March 31, 2024; and on March 29,
2024, the expiration date was subsequently extended to June 30, 2024. All other terms of the sublease remain the same, including rent
and additional rent.

On February 14, 2024, the expiration date of the
lease agreement with 83 Street LLC covering a portion of the Company’s New York corporate office was extended to March
31, 2024; and on March 29, 2024, the expiration date was subsequently extended to June 30, 2024. All other terms of the sublease remain
the same, including rent and additional rent.

Through May 8, 2024, the total cash proceeds received
by the Company from the sale of Series A-2 Preferred Stock totaled approximately $ million, with approximately $ million of the
total raised since January 1, 2024. Further, through May 8, 2024, the Company has issued approximately million shares of Series A-2
Preferred Stock in connection with the coversion of debt and other obligations totaling approximately $ million.

<div align='center'>F-36

VEEA INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS</div>

| ASSETS                                                                                                                                                                            |     | September 30, 
 2024          
 (unaudited)   |              |   |     | December 31, 
 2023         |              |   |
|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--------------|-------------:|:--|:----|:-------------|-------------:|:--|
| Cash                                                                                                                                                                              |     | $             |    2,802,970 |   |     | $            |    6,010,075 |   |
| Receivables, net                                                                                                                                                                  |     |               |       84,709 |   |     |              |       52,838 |   |
| Inventory, net                                                                                                                                                                    |     |               |    7,977,277 |   |