Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 292

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 292
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) 
     (0.34) 
    $(0.08) 
    $(0.64)

The weighted average potential shares of common
stock that were excluded from the calculation of net income (loss) per share-diluted for the periods presented because including them
would have been anti-dilutive consisted of the following:

    Three Months Ended  June 30,  
    Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Stock options outstanding to purchase shares of common stock and RSUs 
     4,299,028  
       -  
     4,222,367  
     - 
  
    Public and Private Warrants 
     11,799,851  
     -  
     11,799,851  
     - 
  
    Convertible Notes 
     184,531  
     -  
     92,265  
     - 

22

The weighted average potential shares of common stock that were excluded
from the calculation of net loss per share-diluted because the performance or market conditions associated with these awards were not
met are as follows for the periods presented:

    Three Months Ended  June 30,  
    Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Earn-Out Liability 
     4,500,000  
       -  
     4,500,000  
     - 

17 - EMPLOYEE 401(k) PLAN

The Company sponsors a 401(k) plan
(the “Plan”) to provide retirement benefits for its employees.

As allowed under Section 401(k) of
the Internal Revenue Code, the Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees.
The Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees. Employee contributions are
limited to a maximum annual amount as set periodically by the Internal Revenue Code. The Company matches pretax and Roth employee contributions
up to 4% of eligible earnings that are contributed by employees. All matching contributions vest immediately. The Company’s matching
contributions to the Plan for the six months ended June 30, 2025 and 2024,