Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 44

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 44
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’s suppliers; |

| ● | impairment                                                                          
 losses related to Veea’s intangible assets as a result of lower forecasted sales of 
 certain products; and                                                               |

| ● | increased                                                                                  
 difficulties in forecasting sales and financial results as well as increased volatility in 
 Veea’s reported results.                                                                   |

If Veea fails to maintain effective internal control over financial reporting or identify a material weakness or significant deficiency in its internal control over financial reporting, Veea’s ability to report its financial condition and results of operations in a timely and accurate manner could be adversely affected, investor confidence in Veea company could diminish, and the value of its stock may decline.

Preparing Veea’s consolidated
financial statements involves a number of complex manual and automated processes, which are dependent upon individual data input or review
and require significant management judgment. One or more of these processes may result in errors that may not be detected and could result
in a material misstatement or other errors of Veea’s consolidated financial statements. Such errors may be more likely to occur
when implementing new systems and processes, particularly when implementing evolving and complex accounting rules. The Sarbanes-Oxley
Act of 2002 (the “Sarbanes-Oxley Act”) requires, among other things, that as a publicly traded company, Veea
discloses whether our internal control over financial reporting and disclosure controls and procedures are effective.

A material weakness is a
deficiency, or combination of deficiencies, in internal controls over financial reporting such that there is a reasonable possibility
that a material misstatement of Veea’s annual or interim financial statements will not be prevented or detected on a timely basis.
While Veea continually undertakes steps to improve Veea’s internal controls over financial reporting as Veea’s business changes,
Veea may not be successful in making the improvements and changes necessary to be able to identify and remediate control deficiencies
or material weaknesses on a timely basis. If Veea is unable to successfully remediate any current or future material weaknesses in Veea’s
internal controls over financial reporting, the accuracy and timing of Veea’s financial reporting may be adversely affected; Veea’s
liquidity, access to capital markets and perceptions of Veea’s creditworthiness may be adversely affected; Veea may be unable to
maintain compliance with securities laws, stock exchange listing requirements and debt instruments covenants regarding the timely filing
of periodic reports; Veea may be subject to regulatory investigations and penalties; investors may lose confidence in its financial reporting