Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 273

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 273
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 adopt the new or revised standard at the time private companies adopt the new or
revised standard. This may make comparison of its financial statements with another public company which is neither an emerging growth
company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of
the potential differences in accounting standards used.

Additionally,
Veea is a “smaller reporting company” as defined in Item 10(f)(1) of Regulation S-K. Smaller reporting companies may take
advantage of certain reduced disclosure obligations, including, among other things, providing only two years of audited financial statements.
Veea will remain a smaller reporting company until the last day of the fiscal year in which (i) the market value of the Common Stock
held by non-affiliates exceeds $250 million as of the prior June 30, or (ii) its annual revenues exceeded $100 million during such completed
fiscal year and the market value of the Common Stock held by non-affiliates exceeds $700 million as of the prior June 30. To the extent
Veea takes advantage of such reduced disclosure obligations, it may also make comparison of its financial statements with other public
companies difficult or impossible.

A
significant portion of Veea’s total outstanding shares are restricted from immediate resale but may be sold into the market in
the near future. This could cause the market price of the Common Stock to drop significantly, even if Veea’s business is doing
well.

Sales
of a substantial number of shares of Veea’s Common Stock in the public market could occur at any time. These sales, or the perception
in the market that the holders of a large number of shares intend to sell shares, could reduce the market price of the Common Stock.

Although
the Plum Sponsor and certain of Veea’s stockholders are subject to certain restrictions regarding the transfer of the Common Stock,
these shares may be sold after the expiration or early termination of the respective applicable lock-ups under the Lock-Up Agreements.
Upon the effectiveness of this registration statement and as restrictions on resale end, the market price of the Common Stock could decline
if the holders of currently restricted shares sell them or are perceived by the market as intending to sell them.

Veea’s
directors, executive officers and principal stockholders have substantial control over Veea, which could limit Veea’s ability to
influence the outcome of key transactions, including a change of control.

As of March 14, 2025, Veea