Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 251

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 251
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 480”)
and ASC 815, Derivatives and Hedging (“ASC 815”). The assessment considers whether the warrants are freestanding financial
instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements
for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own ordinary shares and whether
the warrant holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control,
among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the
time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding.

<div align='center'>F-50

Veea Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

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

For issued or modified warrants that
meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital
at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are
required to be recorded at their initial fair value on the date of issuance, and at their fair value on each balance sheet date thereafter.
Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss in the Company’s consolidated statements
of operations.

The Company accounts for the Public
and Private warrants in accordance with guidance contained in ASC 815-40. Such guidance provides that because the Public warrants meet
the criteria for equity treatment. Such guidance provides that because the Private warrants do not meet the criteria for equity treatment
thereunder, each warrant must be recorded as a liability See Note 10 “Warrants” for further information.

Accounting Pronouncements Recently
Adopted

In June 2016, the FASB issued ASU
2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which amends the FASB’s
guidance on the impairment of financial instruments. Topic 326 adds to GAAP an impairment model (known as the “current expected
credit loss model”) that is based on expected losses rather than incurred losses. ASU 2016-13 is effective for the Company’s
annual and interim periods beginning after December