Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 296

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 296
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man Islands or the United States. As such, the Company’s tax provision was zero for the periods presented. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.

<div align='center'>F-94</div>

NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES(cont.)

Net (Loss) Income per Ordinary Share

The Company complies with accounting and disclosure requirements of ASC Topic 260, “Earnings Per Share.” The Company has two classes of shares, which are referred to as Class A ordinary shares and Class B ordinary shares. Earnings and losses are shared pro rata between the two classes of shares. The potential 12,640,544 ordinary shares for outstanding warrants to purchase the Company’s shares were excluded from diluted earnings per share for the year ended December 31, 2023 and 2022 because the warrants are contingently exercisable, and the contingencies have not yet been met. As a result, diluted net (loss) income per ordinary share is the same as basic net (loss) income per ordinary share for the period. The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net (loss) income per share for each class of ordinary share:

|                                                                         |     | For                              
 the Year Ended December 31, 2023 |           |   |     |         |           |   |     |         |           |   |
|:------------------------------------------------------------------------|:----|:---------------------------------|----------:|:--|:----|:--------|----------:|:--|:----|:--------|----------:|:--|
|                                                                         |     | Class A                          |           |   |     |         |           |   |     |         |           |   |
|                                                                         |     | ordinary share                   |           |   |     |         |           |   |     |         |           |   |
|                                                                         |     | subject                          |           |   |     |         |           |   |     |         |           |   |
|                                                                         |     | to possible                      |           |   |     |         |           |   |     |         |           |   |
|                                                                         |     | redemption                       |           |   |     | Class A |           |   |     | Class B |           |   |
| NUMERATOR                                                               |     |                                  |           |   |     |         |           |   |     |         |