Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 270

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 270
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,000 |
| Total                             |     | $     | 30,408,108 |     | $       | 2.750 |     | $       | 1,261,492 |     | $       | 29,143,866 |

Convertible Note Option liability

The Company established the initial
fair value for the Convertible Note Option liability as of September 13, 2024, which was the date the Convertible Note was executed.
On September 30, 2024, the fair value was remeasured using an option pricing model. The option pricing model was used to value the Convertible
Note Option Liability for the initial periods and subsequent measurement periods.

The Convertible Note Option liability
was classified within Level 3 of the fair value hierarchy at the initial measurement dates and as of September 13, 2024 and September
30, 2024 due to the use of unobservable inputs. The key inputs into the option pricing model for the Convertible Note Option Liability
were as follows at September 13, 2024 initial value, and at September 30, 2024:

|                       |     |   | September 30, 
          2024 |   |     |   | September 13, 
          2024 |   |
|:----------------------|:----|:--|--------------:|:--|:----|:--|--------------:|:--|
| Stock Price           |     | $ |          6.50 |   |     | $ |         12.00 |   |
| Expected term (years) |     |   |          1.45 |   |     |   |           1.5 |   |
| Volatility            |     |   |          75.0 | % |     |   |          70.0 | % |
| Risk-Free Rate        |     |   |          3.82 | % |     |   |          3.79 | % |
| Interest rate         |     |   |          6.96 | % |     |   |          7.33 | % |

<div align='center'>F-63

Veea Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Three and Nine Months Ended September 30, 2024 and 2023</div>

|                                   |     | Three and nine months ended 
 September 30, 2024          |