Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 45

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 45
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 their employment is generally
for no specific duration.

26

Veea’s
future performance also depends on the continued services and continuing contributions of Veea’s senior management team, which
include Allen Salmasi, Veea’s Founder and Chief Executive Officer to execute on Veea’s business plan and to identify and
pursue new opportunities and product innovations. Veea has not entered into an employment agreement with Mr. Salmasi. The loss of
services of Veea’s senior management team, particularly Veea’s Chief Executive Officer could significantly delay or prevent
the achievement of Veea’s development and strategic objectives, which could adversely affect Veea’s business, financial condition
and results of operations.

Veea
may not be successful in continuing to attract and retain highly qualified employees to remain competitive.

Veea
believes that Veea’s future success largely depends on Veea’s continued ability to hire, develop, motivate and retain engineers
and other qualified employees who develop successful new products/solutions, support Veea’s existing product range and provide
services to Veea’s customers and create great customer experience.

Competition
for highly qualified people in the industries in which Veea operates remains intense. This competition is only further increased by the
fact that other industries are looking for similar talent. Veea is continuously striving to create a positive work experience for its
employees. However, there are no guarantees that Veea will be successful in attracting and retaining employees with the right skills
in the future, and failure in retaining and recruiting could have a material adverse effect on Veea’s business and brand.

Veea’s
management team has limited experience managing a public company and regulatory compliance may divert their attention from the day-to-day
management of Veea’s business.

Most
of the individuals who now constitute Veea’s management team have limited experience managing a publicly traded company, interacting
with public company investors and complying with the increasingly complex laws pertaining to public companies. Veea’s management
team may not successfully or efficiently manage the transition to being a public company subject to significant regulatory oversight
and reporting obligations under federal securities laws and the continuous scrutiny of securities analysts and investors. These new obligations
and constituents will require significant attention from Veea’s senior management and could divert their attention away from the
day-to-day management of the businesses, which could adversely affect Veea’s businesses. It is probable that Veea will be required
to expand its employee base and hire additional employees to support its operations as a public company, which