Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 50

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 50
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 confidence in Veea company could diminish, and the value of its stock
may decline.

Preparing
Veea’s consolidated financial statements involves a number of complex manual and automated processes, which are dependent upon
individual data input or review and require significant management judgment. One or more of these processes may result in errors that
may not be detected and could result in a material misstatement or other errors of Veea’s consolidated financial statements. Such
errors may be more likely to occur when implementing new systems and processes, particularly when implementing evolving and complex accounting
rules. The Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”) requires, among other things, that as a publicly
traded company, Veea discloses whether our internal control over financial reporting and disclosure controls and procedures are effective.

A
material weakness is a deficiency, or combination of deficiencies, in internal controls over financial reporting such that there is a
reasonable possibility that a material misstatement of Veea’s annual or interim financial statements will not be prevented or detected
on a timely basis. While Veea continually undertakes steps to improve Veea’s internal controls over financial reporting as Veea’s
business changes, Veea may not be successful in making the improvements and changes necessary to be able to identify and remediate control
deficiencies or material weaknesses on a timely basis. If Veea is unable to successfully remediate any current or future material weaknesses
in Veea’s internal controls over financial reporting, the accuracy and timing of Veea’s financial reporting may be adversely
affected; Veea’s liquidity, access to capital markets and perceptions of Veea’s creditworthiness may be adversely affected;
Veea may be unable to maintain compliance with securities laws, stock exchange listing requirements and debt instruments covenants regarding
the timely filing of periodic reports; Veea may be subject to regulatory investigations and penalties; investors may lose confidence
in its financial reporting; Veea may suffer defaults under Veea’s debt instruments; and Veea’s stock price may decline.

Risks
Related to Our Intellectual Property

If
Veea is unable to obtain and maintain patent protection for Veea’s products and other proprietary technologies Veea develops, or
if the scope of the patent protection obtained is not sufficiently broad, Veea’s competitors could develop and commercialize products
and technology similar or identical to Veea’s, and Veea’s ability to successfully commercialize Veea’s products and
other proprietary technologies Veea may develop