Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 9

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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,205,497 
  
    Issuance of Common Stock to Plum Sponsors and Investors at Business Combination 
     6,102,562  
     610  
     241,638  
     -  
     -  
     242,248 

    Issuance of Common Stock to Plum Shareholders at Business Combination 
     603,077  
     60  
     (6,901,658) 

     (6,926,598)
  
    Issuance of Common Stock related to new financing 
     2,000,000  
     200  
     23,999,800  

     24,000,000 
  
    Common Stock issued for services 
     241,667  
     24  
     3,214,596  

     3,214,620 

    Common stock issued upon exercise of stock options, post Business Combination 
     25,000  
     2  
     (2) 
     -  
     -  
     - 

    Foreign currency translation loss 

     (1,109,232) 
     (1,109,232)

    Net loss 

     (46,620,619) 
     -  
     (46,620,619)

    Balance, September 30, 2024 
     35,686,757  
    $3,568  
    $210,665,277  
    $(216,903,369) 
    $(1,770,586) 
    $(8,005,110)

The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements.

4

VEEA INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

    Nine Months Ended
 September 30, 

    2025  
    2024 
  
    Cash flows from operating activities 

    Net loss 
    $(1,736,512) 
    $(46,620,619)
  
    Adjustments to reconcile net loss to net cash used for operating activities: 

    Depreciation and amortization 
     421,096  
     205,111 
  
    Amortization of debt issuance costs 
     963,085