Company: VEEAW
Filing Date: 2025-07-23
Form Type: S-1
Source: 0001213900-25-066815
Chunk: 146

Company: VEEA INC.
Filing Date: 2025-07-23
Form: S-1
Chunk 146
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 38,000 shares. |

| 5) | Includes options to purchase 68,924 shares. |

| 6) | Includes options to purchase 19,619 shares. |

| 7) | Includes 20,000 shares issuable upon conversion of the September 2024 
 Note.                                                                 |

| 8) | Includes options to purchase 25,000 shares. |

| 9) | Includes 985,277 shares issuable upon exercise of SPAC Private Placement 
 Warrants.                                                                |

| 10) | Includes 973,358 shares issuable upon exercise of SPAC Private Placement 
 Warrants.                                                                |

| 11) | NLabs, an existing stockholder and an affiliate of the Company and                                                                       
 the Company’s Chief Executive Officer, holds certain of outstanding non-convertible promissory notes in the aggregate principal          
 amount of $3,026,000. The Company is expected to propose satisfying the payment of the outstanding notes, plus accrued interest, with    
 the issuance [__] shares of common stock with accompanying common warrants in this offering, based on the assumed offering price of [__] 
 per share.                                                                                                                               |
|     | If NLabs accepts securities in this offering as payment and satisfaction                                                                 
 in full of the outstanding promissory notes, upon completion of this offering, Allen Salmasi and NLabs would beneficially own, in the    
 aggregate, approximately [__]% and [__]% of our outstanding capital stock, respectively.                                                 |

| 12) | Includes 1,517,644 shares issuable upon exercise of SPAC Private Placement 
 Warrants.                                                                  |

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS Certain Relationships and Related Person Transactions of Veea Lease Arrangements On March 1, 2014, Private Veea entered into a sublease agreement with NLabs Inc., an affiliate of Private Veea’s CEO for office space for an initial term of five years. In 2018, Private Veea renewed the sublease for an additional five-year term with all other terms and conditions of the sublease remaining the same. The renewal term expired February 28, 2024 and was subsequently extended to December 31, 2025. Rent for the office space is accrued and not paid in cash. The Company recognized rent expense of $61,200 for each of the three months ended March 31, 2025 and 2024, which was classified as general and administrative expenses in the