Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 121

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 121
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 these matters
cannot be predicted with certainty, management does not expect them to have a material adverse effect on the financial position or results
of operations of the Company.

Other Commitments

In connection with the Business Combination,
the Company agreed to pay certain legal expenses contingent upon the closing of the Business Combination, certain of which expenses were
mutually agreed to be deferred to periods after the Closing. As of September 30, 2025, the amount of the deferred fees totaled $2,257,457,
recorded in deferred payables, current in the condensed consolidated balance sheet.

23

15 - FAIR VALUE MEASUREMENTS

Recurring Fair Value Measurements

The following table presents fair value information as of September
30, 2025 and December 31, 2024, of the Company’s financial assets and liabilities that were accounted for at fair value on a recurring
basis and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. During the
nine months ended September 30, 2025, there were no transfers amongst level 1, 2, and 3 values during the period.

    September 30, 2025 
    Total  
    Level 1  
    Level 2  
    Level 3 
  
    SPAC Private Placement Warrant liability 
    $367,935  
            -  
    $367,935  
    $  - 
  
    2025 Investor Warrant liability 
     2,958,889  

     2,958,889 
  
    Convertible note option liability 
     -  
     -  
     -  
     - 
  
    Earn-out share liability 
     2,040,000  
     -  
     -  
     2,040,000 
  
    Total 
    $5,366,824  
     -  
    $367,935  
    $4,998,889 

    December 31, 2024 
    Total  
    Level 1  
    Level 2  
    Level 3 
  
    SPAC Private Placement Warrant liability 
    $840,994  
             -  
    $840,994  
    $- 
  
    Convertible note option liability 
     60,000  
     -  
     -