Company: VEEAW
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001213900-25-074676
Chunk: 146

Company: VEEA INC.
Filing Date: 2025-08-12
Form: S-1/A
Chunk 146
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277 shares issuable upon exercise of SPAC Private Placement 
 Warrants.                                                                |

| 10) | Includes 973,358 shares issuable upon exercise of SPAC Private Placement 
 Warrants.                                                                |

| 11) | NLabs, an existing stockholder                                                                                                      
 and an affiliate of the Company and the Company’s Chief Executive Officer, holds certain of                                         
 outstanding non-convertible promissory notes in the aggregate principal amount of $3,176,000. The                                   
 Company is expected to propose satisfying the payment of the outstanding notes, plus accrued interest                               
 of $3,237,356, with the issuance of 2,232,659 shares of common stock with accompanying common warrants                              
 in this offering, based on the assumed offering price of 1.45 per share.                                                            |
|     | If NLabs accepts securities in this offering as payment and satisfaction in full of the outstanding                                 
 promissory notes, upon completion of this offering, Allen Salmasi and NLabs would beneficially own, in the aggregate, approximately 
 42.1% and 30.5% of our outstanding capital stock, respectively.                                                                     |

| 12) | Includes 1,517,644 shares issuable upon exercise of SPAC Private Placement 
 Warrants.                                                                  |

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS Certain Relationships and Related Person Transactions of Veea Lease Arrangements On March 1, 2014, Private Veea entered into a sublease agreement with NLabs Inc., an affiliate of Private Veea’s CEO for office space for an initial term of five years. In 2018, Private Veea renewed the sublease for an additional five-year term with all other terms and conditions of the sublease remaining the same. The renewal term expired February 28, 2024 and was subsequently extended to December 31, 2025. Rent for the office space is accrued and not paid in cash. The Company recognized rent expense of $61,200 for each of the three months ended March 31, 2025 and 2024, which was classified as general and administrative expenses in the Company’s condensed consolidated statements of operations and comprehensive income (loss). Accrued and unpaid rent expense included in the Company’s condensed consolidated balance sheets was $1,774,800 as of March 31, 2025 and $1,713,600 as of December 31, 2024. In April 2017, Private Veea