Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 180

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 180
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 an understanding of management’s process over the valuation of inventory. |

| ● | Evaluated                                                                                        
 the reasonableness of the significant assumptions by testing inventory costs based on historical 
 third-party purchases.                                                                           |

| ● | Evaluated                                                                                
 the appropriateness of management’s methodologies used, as well as the significant       
 assumptions and inputs, in developing their assessment of net realizable value and their 
 estimated reserve for inventory, by comparing significant assumptions used by management 
 to historical information, independent calculations, evidence obtained in other areas of 
 the audit, recent selling prices and costs.                                              |

| ● | Tested                                                                                        
 the mathematical accuracy of the calculations performed along with assessing the completeness 
 and accuracy of the information used in the calculations.                                     |

/s/ PKF O’Connor Davies, LLP

New York, New York
April 2, 2024, except for Note 17, as to which the date is May 8, 2024.

We have served as the Company’s auditor since August 8,
2023.

PCAOB ID No. 127

<div align='center'>* * * * *

F-3

Veea Inc. and Subsidiaries
Consolidated Balance Sheets
As of December 31, 2023 and 2022</div>

| ASSETS                                                                                                                 
 Current Assets                                                                                                         |     | As of December 31, 
 2023               |              |   |     | 2022 |              |   |
|:-----------------------------------------------------------------------------------------------------------------------|:----|:-------------------|-------------:|:--|:----|:-----|-------------:|:--|
| Cash                                                                                                                   |     | $                  |    6,010,075 |   |     | $    |      185,881 |   |
| Receivables                                                                                                            |     |                    |       52,838 |   |     |      |       24,995 |   |
| Inventory, net                                                                                                         |     |                    |    7,375,621 |   |     |      |    7,547,974 |   |
| Prepaid expenses and other current assets                                                                              |     |                    |      513,670 |   |     |      |      124,886 |   |
| Total current assets                                                                                                   |     |                    |   13,952,204 |   |     |      |    7,883,736 |   |
| Property and equipment, net                                                                                            |