Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 89

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 89
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31, 2025, our
as reported net tangible book value was $[__] million, or $[__] per share of common stock. Net tangible book value per share represents
our total tangible assets, less our total liabilities, divided by the number of outstanding shares of our common stock. After giving effect
to 117,500 shares of common stock issued under the Company’s ELOC Purchase Agreement (as defined below) for gross proceeds of $232,340
subsequent to March 31, 2025, our proforma net tangible book value was $[__] million, or $[__] per share of common stock.

Dilution represents the difference
between the amount per share paid by purchasers in this offering and the as adjusted net tangible book value per share of common stock
after the offering. After giving effect to the sale of [__] shares of common stock and accompanying common warrants in this offering at
an assumed offering price of $[__] per share, which was the closing price of our common stock as reported on Nasdaq on [__], 2025 and
after deducting Placement Agent fees and estimated offering expenses payable by us, but without adjusting for any other change in our
net tangible book value subsequent to March 31, 2025, our pro forma as adjusted net tangible book value would have been $[__] per share.
This represents an immediate increase in net tangible book value on a reported basis of $[__], and on a pro forma basis of $[__] per share
to our existing stockholders and immediate dilution of $[__] per share to new investors purchasing the securities at the proposed public
offering price. The dilution figures assume no sale of pre-funded warrants, if sold, would reduce the number of shares of common stock
that we are offering on a one for one basis, and excludes the proceeds, if any, from the exercise of any common warrants issued in this
offering. The following table illustrates the dilution in net tangible book value per share to new investors as of March 31, 2025 on a
pro forma basis:

| Assumed public offering price per share                                                                      
 [Historical net tangible book value per share at March 31, 2025 (pro forma - reflecting the sale of [__]     
 shares of common stock under the Company’s While Lion Purchase Agreement)]                                   |     |   | [__] |     |   | [__] |
|:-------------------------------------------------------------------------------------------------------------|:----|:--|