Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 66

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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(270) 
     (607,067)
  
    Change in fair value of warrant liabilities 
     (555,498) 
     220,373 
  
    Change in fair value of Earn Out Shares Liability 
     (4,720,000) 
     (24,750,000)
  
    Transaction costs 
     -  
     55,038,544 
  
    Share-based compensation 
     319,211  
                           59,385 
  
    ADJUSTED EBITDA 
    $(4,127,015) 
    $(2,331,722)

36

    For the nine Months Ended 

    September 30, 2025  
    September 30, 2024 
  
    ADJUSTED EBITDA: 

    Net loss 
    $(1,736,512) 
    $(46,620,619)
  
    Adjustments: 
     -  

    UK R&D tax credit 
     (1,223,328) 
     (1,251,243)
  
    Interest expense 
     1,822,448  
     1,352,823 
  
    Depreciation and amortization 
     421,096  
     205,111 
  
    EBITDA 
     (716,296) 
     (46,313,928)
  
    Other income, net 
     (2,112) 
     (21,398)
  
    Other expense 
     46,351  
     9,346 
  
    Loss of initial issuance of convertible note 
     -  
     1,770,933 
  
    Change in fair value of conversion note option liability 
     (60,000) 
     (607,067)
  
    Change in fair value of warrant liabilities 
     (660,622) 
     220,373 
  
    Change in fair value of Earn-Out Share Liability 
     (13,520,000) 
     (24,750,000)
  
    Transaction costs 
     25,000  
     55,038,544 
  
    Share-based compensation 
     759