Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 68

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 68
---
 Item 1A “Risk Factors” of our annual report on the 2024 10-K. There have been no material
changes to the disclosures relating to this item from those set forth in our 2024 10-K, other than as set forth below.

Our failure to meet
the listing standards of the Nasdaq Stock Market LLC ("Nasdaq") could result in the delisting of our common stock and publicly
traded warrants (the “Public Warrants”). Delisting could adversely affect the liquidity of our common stock and the market
price of our common stock could decrease, and our ability to obtain sufficient additional capital to fund our operations and to continue
to operate as a going concern would be substantially impaired. 

On September 29, 2025, we
received a notice from the Listing Qualifications Department (the “Staff”) of Nasdaq, notifying us that, because the closing
bid price for its common stock has fallen below $1.00 per share for 30 consecutive business days, we no longer comply with the minimum
bid price requirement for continued listing on the Nasdaq Global Market under Nasdaq Lising Rule 5550(a)(2) (the “Minimum Bid Price
Requirement”). The notice has no immediate effect on the listing of our common stock and Public Warrants on the Nasdaq Global Market
and the common stock and the Public Warrants will continue to trade on The Nasdaq Global Market under the symbols “VEEA” and
“VEEAW,” respectively, at this time. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), we have been provided an initial compliance
period of 180 calendar days, or until March 30, 2026, to regain compliance with the Minimum Bid Price Requirement. To regain compliance,
the closing bid price of our common stock must meet or exceed $1.00 per share for a minimum of 10 consecutive business days prior to March
30, 2026; provided, however, pursuant to Nasdaq Listing Rule 5810 (c)(3)(H), Nasdaq may, in its discretion, require us to satisfy the
Minimum Bid Price Requirement for a period in excess of ten consecutive business days, but generally not more than 20 consecutive business
days, before determining that we have demonstrated an ability to maintain long-term compliance with the Minimum Bid Price Requirement.

On September 29, 2025, we
received a notice from the Staff notifying us that, based on the market