Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 226

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 226
---
 including them would have been antidilutive.

|                                      |     | Years Ended December 31, |             |     |      |            |
|                                      |     |                     2023 |             |     | 2022 |            |
| Convertible notes                    |     |                          |           - |     |      |  5,474,599 |
| Preferred Stock                      |     |                          |             |     |      |            |
| Series A-2 Preferred Stock           |     |                          |  12,660,067 |     |      |          - |
| Series A-1 Preferred Stock           |     |                          |  40,569,493 |     |      | 35,054,035 |
| Series A Preferred Stock             |     |                          |  35,920,813 |     |      | 35,920,813 |
| Preferred Stock warrants             |     |                          |   1,200,000 |     |      |          - |
| Common Stock warrants                |     |                          |   3,880,000 |     |      |  3,880,000 |
| Stock options issued under 2014 Plan |     |                          |     345,531 |     |      |    385,531 |
| Stock options issued under 2018 Plan |     |                          |   7,044,249 |     |      |  7,337,593 |
| Total                                |     |                          | 101,620,153 |     |      | 88,052,571 |

<div align='center'>F-32

Veea Inc. and Subsidiaries
Notes to Consolidated Financial Statements
Years Ended December 31, 2023 and 2022</div>

14 - SEGMENTATION

As described in Note 3,
the Company operates as one reportable segment - sale of smart computing hubs and related subscriptions and licenses.

The following table summarizes
revenues by geographic area and as a percentage of revenue:

|                    |     | Years Ended December 31, 
 2023                     
 Amount                   |           |     | Percent |     |   |     | 2022   
 Amount |         |     | Percent |       |   |
|:-------------------|:----|:-------------------------|----------:|:----|:--------|----:|:--|:----|:-------|--------:|:----|:--------|------:|:--