Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 58

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 58
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 and maintain effective internal controls over financial reporting and disclosure controls and procedures, it may not be able to accurately report its financial results or report them in a timely manner, which could adversely affect Veea’s business.

Veea is a public reporting
company subject to the rules and regulations established from time to time by the SEC. These rules and regulations require, among other
things, and Veea establish and periodically evaluate, certain procedures with respect to its internal controls over financial reporting.
Reporting obligations as a public company are likely to place a considerable strain on Veea’s financial and management systems,
processes, and controls, as well as on its personnel.

In addition, prior to the
Business Combination, Private Veea was not required to document and test its internal controls over financial reporting nor was Private
Veea’s management required to certify the effectiveness of its internal controls, and its auditors have not been required to opine
on the effectiveness of Private Veea’s internal controls over financial reporting. However, as a public company, Veea is required
to document and test its internal control over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act so that Veea’s
management can certify as to the effectiveness of its internal controls over financial reporting by the time Veea’s second annual
report is filed with the SEC and thereafter, which will require Veea to document and make significant changes to its internal controls
over financial reporting. As a public company, Veea is subject to the reporting requirements of the Exchange Act, the Sarbanes-Oxley
Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, as well as rules adopted, and to be adopted, by the SEC
and Nasdaq, and other applicable securities rules and regulations, which impose various requirements on public companies, including the
establishment and maintenance of effective disclosure and financial controls and changes in corporate governance practices. Veea’s
management and other personnel will need to devote a substantial amount of time to these public company requirements. Moreover, these
rules and regulations may substantially increase Veea’s legal and financial compliance costs and may make some activities more
time-consuming and costly. Veea may need to hire additional legal, accounting and financial staff with appropriate public company experience
and technical accounting knowledge and maintain an internal audit function.

Veea will develop and refine
its disclosure controls and other procedures that are designed to ensure that information required to be disclosed by Veea in the reports
that it will file