Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 233

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 233
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 judgments, and assumptions during the preparation of its condensed consolidated financial statements in accordance
with GAAP. The Company believes that these estimates, judgments and assumptions are reasonable under the circumstances. These estimates,
judgments, and assumptions impact the reported amounts of assets, liabilities, revenue, and expenses, and the related disclosure of contingent
assets and liabilities. Actual results could differ from these estimates. Changes in such estimates could affect amounts reported in
future periods. On an ongoing basis, the Company evaluates its estimates and judgments including those related to: liquidity and going
concern, the useful lives and recoverability of property and equipment and definite-lived intangible assets; the recoverability of goodwill
and indefinite-lived intangible assets; the carrying value of accounts receivable, including the determination of the allowance for credit
losses; inventory, including the determination of allowances for estimated excess or obsolescence; the fair value of warrants; the fair
value of acquisition- related contingent consideration arrangements; unrecognized tax benefits; legal contingencies; the incremental
borrowing rate for the Company’s leases; and the valuation of stock-based compensation, among others.

Reclassification

Certain amounts from prior period
financial statements have been reclassified to align with the presentation used in the current condensed consolidated financial statements
for comparative purposes. These reclassifications had no material effect on the Company’s previously issued financial statements.

Emerging Growth Company Status

The Company is an emerging growth
company, as defined in the JOBS Act. Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards
issued subsequent to the enactment of the JOBS Act, until such time as those standards apply to private companies. The Company has elected
to use this extended transition period for complying with new or revised accounting standards that have different effective dates for
public and private companies until the earlier of the date that it (i) is no longer an emerging growth company or (ii) affirmatively
and irrevocably opts out of the extended transition period provided in the JOBS Act. As a result, these financial statements may not
be comparable to companies that comply with the new or revised accounting pronouncements as of public company effective dates.

<div align='center'>F-44

Veea Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Three and Nine Months Ended September 30, 2024 and 2023</div>

Segment Information

The Company operates as a single operating
segment. The chief operating