Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 124

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 124
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 estimated using a Monte Carlo simulation utilizing assumptions related to the contractual term
of the instruments, estimated volatility, the price of the Common Stock, and current interest rates.

The following table presents the changes
in fair value of the Earn-Out Share Liability:

    Nine Months Ended  September 30, 2025 
  
    Balance, beginning of period, December 31, 2024 
    $15,560,000 
  
    Change in fair value 
     13,520,000 
  
    Balance, end of period 
    $2,040,000 

The key inputs for the Earn-out Share
Liability were as follows:

    September 30,  2025  
    December 31, 2024 
  
    Stock Price 
    $0.62  
    $6.5 
  
    Expected term (years) 
     9  
     10 
  
    Volatility 
     80.0% 
     75.0%
  
    Risk-Free Rate 
     4.18% 
     3.81%

25

16 - EARNINGS PER SHARE

The computation of basic and dilutive
net loss per share attributable to common stockholders for the nine months ended September 30, 2025 and 2024, are as follows:

    Three Months Ended September 30,  
    Nine Months Ended September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Basic: 

    Numerator: 

    Net income (loss) attributable to common shareholders 
    $1,375,294  
    $(33,323,555) 
    $(1,736,512) 
    $(46,620,619)
  
    Denominator: 

    Weighted-average common shares outstanding 
     45,644,909  
     22,292,374  
     40,325,293  
     20,217,081 
  
    Net income (loss) per share – basic: 
    $0.03  
    $(1.49) 
    $(0.04) 
    $(2.31)
  
    Diluted: 

    Numerator: 

    Net income (loss) attributable to common and common equivalent shareholders 
     1,375,294  
     (33,323,555)