Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 187

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 187
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’s Chief Executive Officer, who makes resource allocation
decisions and assesses performance based on financial information presented on a consolidated basis, accompanied by disaggregated revenue
information. Accordingly, the Company has determined that it has a single reportable segment and operating segment.

Fair Value Measurement

Fair value is defined as
the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an
orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the
use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy is based on three levels of inputs, of
which the first two are considered observable and the last is considered unobservable:

| Level 1 - | Observable inputs obtained from independent sources, such                                                                               
 as quoted market prices for identical assets and liabilities in active markets.                                                         |
| Level 2 - | Other inputs, which are observable directly or indirectly, such as                                                                      
 quoted market prices for similar assets or liabilities in active markets, quoted market prices for identical or similar assets or       
 liabilities in markets that are not active, and inputs that are derived principally from or corroborated by observable market data.     |
| Level 3 - | Unobservable inputs for which there is little or no market data and                                                                     
 require the Company to develop its own assumptions, based on the best information available in the circumstances, about the assumptions 
 market participants would use in pricing the assets or liabilities.                                                                     |

The Company issued preferred
stock warrants and common stock warrants classified as equity securities which do not require recurring fair value measurement. See Note 9 - Stock-Based Compensationfor the assumptions used in estimating the fair value of such common stock warrants.

<div align='center'>F-11

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

3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.)

Recurring Fair Value Measurements

The following methods and
assumptions were used to estimate the fair value of each class of financial assets and liabilities for which it is practicable to estimate
fair value:

Money market funds - The
carrying amount of money market funds approximates fair value and is classified within Level 1 because the fair value is determined through
quoted market prices.

The Company’s remaining
financial instruments that are measured at fair value on a recurring basis consist primarily of cash, accounts rece