Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 209

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 209
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          |     - |   |
| Outstanding, December 31, 2022 |     |                | 3,880,000 |     | $        | 0.01 |     |           |          - |   |     | $        |     - |   |
| Granted                        |     |                |         - |     |          |    - |     |           |  3,700,000 |   |     |          |  1.78 |   |
| Exercised                      |     |                |         - |     |          |    - |     |           |          - |   |     |          |     - |   |
| Forfeited or cancelled         |     |                |         - |     |          |    - |     |           | (2,500,000 | ) |     |          | (2.00 | ) |
| Outstanding, December 31, 2023 |     |                | 3,880,000 |     | $        | 0.01 |     |           |  1,200,000 |   |     | $        |  1.34 |   |

The Company estimated the
fair value of the warrants on the grant date using the Black-Scholes option-pricing model. The assumptions used to calculate the fair
value of the warrants granted during the Years Ended December 31, 2023 and 2022 are as follows:

|                         |     | For the years ended 
        December 31, |     |               |
|                         |     |                2023 |     |          2022 |
| Expected volatility     |     |           87 - 102% |     |           67% |
| Expected life in years  |     |    0.45 - 5.0 years |     |       7 years |
| Expected dividend yield |     |                   - |     |             - |
| Risk-free interest rate |     |       3.59% - 4.73% |     | 1.67% - 2.85% |

<div align='center'>F-27

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

10 - RELATED PARTY TRANSACTIONS

Lease Arrangements

On March 1, 2014, the
Company entered into a sublease