Company: VEEAW
Filing Date: 2025-07-23
Form Type: S-1
Source: 0001213900-25-066815
Chunk: 268

Company: VEEA INC.
Filing Date: 2025-07-23
Form: S-1
Chunk 268
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 |     |       |            |
| Private                  
 warrant liability        |     |       |    840,995 |     |       | - |     |       | 840,955 |     |       |          - |
| Convertible              
 note option liability    |     |       |     60,000 |     |       | - |     |       |       - |     |       |     60,000 |
| Earn-out Share Liability |     |       | 15,560,000 |     |       | - |     |       |       - |     |       | 15,560,000 |
| Total                    |     | $     | 16,460,995 |     | $     | - |     | $     | 840,995 |     | $     | 15,620,000 |

| December 31, 2023  |     | Total |         |     | Level 1 |         |     | Level 2 |   |     | Level 3 |   |
|:-------------------|:----|:------|--------:|:----|:--------|--------:|:----|:--------|:--|:----|:--------|:--|
| Assets             |     |       |         |     |         |         |     |         |   |     |         |   |
| Money Market Funds |     | $     | 120,000 |     | $       | 120,000 |     | $       | - |     | $       | - |

F-58 Veea Inc. and Subsidiaries
Notes to the Consolidated Financial Statements
For the Years ended December 31, 2024 and 2023

Convertible Note Option Liability

The Company established the initial fair value for the Convertible Note Option Liability as of September 13, 2024, which was the date of the Financing Closing . On December 31, 2024, the fair value was remeasured using an option pricing model. The option pricing model was used to value the Convertible Note Option liability for the initial period and subsequent measurement periods.

The Convertible Note Option liability was classified within Level 3 of the fair value hierarchy at the initial measurement date and as of and December 31, 2024, due to the use of unobservable inputs. The key inputs into the option pricing model for the Convertible Note Option liability were as follows at September 13, 2024 initial