Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 121

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 121
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 (14,258,963 | ) |     | $             | (4,071,705 | ) |

Quantitative and Qualitative Disclosures About Market Risks

Foreign Exchange Risk

The currency of the primary
economic environment in which the operations of the Company and its U.S. subsidiaries are conducted is the United States dollar (“USD”).
Accordingly, the Company and all of its U.S. subsidiaries use USD as their functional currency.

Transaction gains and losses
that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included
in the results of operations as incurred. Foreign currency transaction gain (loss), mainly related to intercompany loans to the UK denominated
in British Pound Sterling and intercompany agreements with our French subsidiary denominated in Euros, are included in other comprehensive
gain (loss).

Our financial results could
be affected by changes in foreign currency exchange rates, although foreign exchange risks have not been material to our financial position
or results of operations to date. We prepared a sensitivity analysis to determine the impact of hypothetical changes foreign currency
exchange rates have on our results of operations. The foreign currency rate analysis assumed a movement in the British Pound Sterling
by 10% relative to the U.S. Dollar on our results. Based upon the results of this analysis, a 10% change in the British Pound Sterling
would have resulted in an increase or decrease in our earnings for the year ended December 31, 2023 of approximately $0.1 million. Changes
in the Euro have not been material to our financial position or results of operations to date.

Interest Rate and Debt Risk

Not applicable

Properties

We are headquartered in New
York City, New York. We have engineering offices in Iselin, New Jersey; Bath, United Kingdom; and Juvigny, France. We also maintain a
sales and marketing office in Paris, France and Mexico City, Mexico.

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EXECUTIVE AND DIRECTOR COMPENSATION</div>

This section discusses the material components of the executive compensation program for Veea’s executive officers who are named in the “2022 Summary Compensation Table” below. As an “emerging growth company,” as such term is defined under the JOBS Act, Veea is not required to include a Compensation Discussion and Analysis section and has elected to comply with the scaled disclosure requirements applicable to an emerging growth company. Unless the context otherwise requires, all references in this section to “Veea,” “we,”