Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 67

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 67
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 the US or elsewhere in connection with the conduct
of Veea’s business may expose Veea to significant liability for violations of such laws, rules or regulations and may have a material
adverse effect on Veea, including its reputation, business, financial condition, results of operations, cash flows, or prospects.

Veea
could be subject to additional tax liabilities.

Veea
is subject to federal, state, and local income taxes in the United States and numerous foreign jurisdictions. Determining Veea’s
provision for income taxes requires significant management judgment, and the ultimate tax outcome may be uncertain. In addition, Veea’s
provision for income taxes is subject to volatility and could be adversely affected by many factors, including, among other things, changes
to Veea’s operating or holding structure, changes in the amounts of earnings in jurisdictions with differing statutory tax rates,
changes in the valuation of deferred tax assets and liabilities, and changes in U.S. and foreign tax laws. Moreover, Veea is subject
to the examination of Veea’s income tax returns by tax authorities in the U.S. and various foreign jurisdictions, which may disagree
with Veea’s calculation of research and development tax credits, cross-jurisdictional transfer pricing, or other matters and assess
additional taxes, interest or penalties. While Veea regularly assesses the likely outcomes of these examinations to determine the adequacy
of Veea’s provision for income taxes and Veea believes that its financial statements reflect adequate reserves to cover any such
contingencies, there can be no assurance that the outcomes of such examinations will not have a material impact on Veea’s results
of operations and cash flows. If U.S. or other foreign tax authorities change applicable tax laws, Veea’s overall taxes could increase,
and Veea’s financial condition or results of operations may be adversely impacted.

38

Veea
could become involved in lawsuits, legal proceedings and investigations which, if determined unfavorably, could require Veea to pay substantial
damages, fines and/or penalties.

In
the normal course of Veea’s business Veea could become involved in legal proceedings, including such matters as commercial disputes,
claims regarding intellectual property, antitrust, tax and labor disputes, as well as government inquiries and investigations. Legal
proceedings can be expensive, lengthy and disruptive to normal business operations. Moreover, the results of complex legal proceedings
are difficult to predict. An unfavorable resolution of a particular matter could have a material adverse effect on Veea’s