Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 61

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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) 
     (6,765,431)
  
    Change in fair value of conversion note option liability 
     (730) 
     - 
  
    Change in fair value of warrant liabilities 
     315,373  
     - 
  
    Change in fair value of Earn Out Shares Liability 
     1,730,000  
     - 
  
    Share-based compensation 
     389,913  
     272,179 
  
    Transaction costs 
     (10,000) 
                           - 
  
    ADJUSTED EBITDA 
    $(4,408,597) 
     (6,493,252)

    For the six Months  Ended 

    June 30, 2025  
    June 30, 2024 
  
    ADJUSTED EBITDA: 

    Net loss 
    $(3,111,806) 
    $(13,297,064)
  
    Adjustments: 

    Interest expense 
     1,379,581  
     900,942 
  
    Depreciation and amortization 
     204,663  
     137,381 
  
    EBITDA 
     (1,527,562) 
     (12,258,741)
  
    Change in fair value of conversion note option liability 
     (59,730) 
     - 
  
    Change in fair value of warrant liabilities 
     (8,800,000) 
     - 
  
    Change in fair value of Earn Out Shares Liability 
     (105,124) 
     - 
  
    Share-based compensation 
     439,913  
     334,774 
  
    Transaction costs 
     25,000  
                   - 
  
    ADJUSTED EBITDA 
    $(10,027,503) 
     (11,923,967)

Item 3. Quantitative and Qualitative Disclosures
about Market Risk

Not Applicable. As a smaller
reporting company, we are not