Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 272

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 272
---
 attractive to investors and may make it more difficult to compare its performance with other public
companies.

Veea
is an “emerging growth company” within the meaning of the Securities Act, as modified by the JOBS Act, and Veea may take
advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not “emerging
growth companies” including, but not limited to, not being required to comply with the auditor attestation requirements of Section
404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in Veea’s periodic reports and proxy
statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval
of any golden parachute payments not previously approved. As a result, Veea’s shareholders may not have access to certain information
they may deem important. Veea could be an emerging growth company for up to five years, although circumstances could cause it to lose
that status earlier, including if the market value of the Common Stock held by non-affiliates exceeds $700 million as of any June 30
before that time, in which case Veea would no longer be an emerging growth company as of the following December 31. Veea cannot predict
whether investors will find its securities less attractive because Veea will rely on these exemptions. If some investors find Veea’s
securities less attractive as a result of its reliance on these exemptions, the trading prices of its securities may be lower than they
otherwise would be, there may be a less active trading market for its securities and the trading prices of its securities may be more
volatile.

42

Further,
Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting
standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do
not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting
standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements
that apply to non-emerging growth companies but any such an election to opt out is irrevocable. Veea has not opted out of such extended
transition period which means that when a standard is issued or revised and it has different application dates for public or private
companies, Veea, as an emerging growth company, can