Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 265

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 265
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ribery, anti-money-laundering, sanctions, terror finance and anti-terrorism)
laws, rules and regulations in the jurisdictions in which Veea does business. Veea has policies and procedures designed to assist us
and our personnel in complying with applicable laws, rules and regulations, but our employees and subcontractors may from time to time
take actions that violate these requirements. Actions by Veea’s employees or subcontractors, or by third party intermediaries acting
on its behalf in violation of these laws, rules or regulations whether carried out in the US or elsewhere in connection with the conduct
of Veea’s business may expose Veea to significant liability for violations of such laws, rules or regulations and may have a material
adverse effect on Veea, including its reputation, business, financial condition, results of operations, cash flows, or prospects.

Veea
could be subject to additional tax liabilities.

Veea
is subject to federal, state, and local income taxes in the United States and numerous foreign jurisdictions. Determining Veea’s
provision for income taxes requires significant management judgment, and the ultimate tax outcome may be uncertain. In addition, Veea’s
provision for income taxes is subject to volatility and could be adversely affected by many factors, including, among other things, changes
to Veea’s operating or holding structure, changes in the amounts of earnings in jurisdictions with differing statutory tax rates,
changes in the valuation of deferred tax assets and liabilities, and changes in U.S. and foreign tax laws. Moreover, Veea is subject
to the examination of Veea’s income tax returns by tax authorities in the U.S. and various foreign jurisdictions, which may disagree
with Veea’s calculation of research and development tax credits, cross-jurisdictional transfer pricing, or other matters and assess
additional taxes, interest or penalties. While Veea regularly assesses the likely outcomes of these examinations to determine the adequacy
of Veea’s provision for income taxes and Veea believes that its financial statements reflect adequate reserves to cover any such
contingencies, there can be no assurance that the outcomes of such examinations will not have a material impact on Veea’s results
of operations and cash flows. If U.S. or other foreign tax authorities change applicable tax laws, Veea’s overall taxes could increase,
and Veea’s financial condition or results of operations may be adversely impacted.

38

Veea
could become involved in lawsuits, legal proceedings and investigations which, if determined unfavorably, could