Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 186

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 186
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These estimates, judgments, and assumptions impact the reported amounts of assets, liabilities, revenue, and expenses, and the related
disclosure of contingent assets and liabilities. Actual results could differ from these estimates. Changes in such estimates could affect
amounts reported in future periods. On an ongoing basis, the Company evaluates its estimates and judgments including those related to:
liquidity and going concern, the useful lives and recoverability of property and equipment and definite-lived intangible assets; the
recoverability of goodwill and indefinite-lived intangible assets; the carrying value of accounts receivable, including the determination
of the allowance for credit losses; inventory, including the determination of allowances for estimated excess or obsolescence; the fair
value of warrants; the fair value of acquisition-related contingent consideration arrangements; unrecognized tax benefits; legal contingencies;
the incremental borrowing rate for the Company’s leases; and the valuation of stock-based compensation, among others.

<div align='center'>F-10

Veea Inc. and Subsidiaries
Notes to Consolidated Financial Statements
Years Ended December 31, 2023 and 2022</div>

3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.)

Emerging Growth Company Status

Following the consummation
of the proposed business combination transaction with Plum, the Company is expected to be a publicly traded company and an emerging growth
company (“EGC”), as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under
the JOBS Act, EGCs can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until those
standards apply to private companies. In anticipation of the closing the business combination transaction with Plum, the Company has
elected to use this extended transition period for complying with new or revised accounting standards that have different effective dates
for public and private companies until the earlier of the date that it (i) is no longer an EGC or (ii) affirmatively and irrevocably
opts out of the extended transition period provided in the JOBS Act. As a result, the consolidated financial statements may not be comparable
to the financial statements of companies that comply with the new or revised accounting pronouncements as of dates effective for public
companies. Refer to Note 1 - Description of the Business for further information regarding the proposed business combination transaction.

Segment Information

The Company operates as
a single operating segment. The chief operating decision maker is the Company