Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1938

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9A
Chunk 1938
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 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.

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 11  “Warrants” for further information.

F-16

Veea
Inc. and Subsidiaries

Notes
to the Consolidated Financial Statements 

For
the Years ended December 31, 2024 and 2023

Accounting
Pronouncements Recently Adopted

In
November 2023, the FASB issued ASU 2023-07, “Segment Reporting  (Topic 280): Improvements to Reportable Segment Disclosures”.
This ASU includes amendments that expand the existing reportable segment disclosure requirements and requires disclosure of (i) significant
expense categories and amounts by reportable segment as well as the segment’s profit or loss measure(s) that are regularly provided
to the chief operating decision maker (the “CODM”) to allocate resources and assess performance; (ii) how the CODM uses each
reported segment profit or loss measure to allocate resources and assess performance; (iii) the nature of other segment balances contributing
to reported segment profit or loss that are not captured within segment revenues or expenses; and (iv) the title and position of the
individual or name of the group or committee identified as the CODM. We adopted the