Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 191

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 191
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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’s Chief Executive Officer, who makes resource allocation
decisions and assesses performance based on financial information presented on a consolidated basis, accompanied by disaggregated revenue
information. Accordingly, the Company has determined that it has a single reportable segment and operating segment.

Fair Value Measurement

Fair value is defined as
the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an
orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the
use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy is based on three levels of inputs, of
which the first two are considered observable and the last is considered unobservable:

| Level 1 - | Observable inputs obtained from independent sources,                                                                                        
 such as quoted market prices for identical assets and liabilities in active markets.                                                        |
| Level 2 - | Other inputs, which are observable directly or indirectly, such                                                                             
 as quoted market prices for similar assets or liabilities in active markets, quoted market prices for identical or similar assets           
 or liabilities in markets that are not active, and inputs that are derived principally from or corroborated by observable market            
 data.                                                                                                                                       |
| Level 3 -