Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 249

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1
Chunk 249
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Item 1. Legal Proceedings

From time to time, we may
become involved in actions, claims, suits and other legal proceedings arising in the ordinary course of our business. We are not currently
a party to any actions, claims, suits or other legal proceedings, the outcome of which, if determined adversely to us, would individually
or in the aggregate have a material adverse effect on our business, financial condition and results of operations.

Item 1A. Risk Factors

We are a smaller reporting
company and accordingly we are not required to provide information required by this Item. Risk factors that may affect our business and
financial results are discussed within 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