Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 277

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 277
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   |     |   | September 13, 
          2024 |   |
|:----------------------|:----|:--|--------------:|:--|:----|:--|--------------:|:--|
| Stock Price           |     | $ |          6.50 |   |     | $ |         12.00 |   |
| Expected term (years) |     |   |          1.45 |   |     |   |           1.5 |   |
| Volatility            |     |   |          75.0 | % |     |   |          70.0 | % |
| Risk-Free Rate        |     |   |          3.82 | % |     |   |          3.79 | % |
| Interest rate         |     |   |          6.96 | % |     |   |          7.33 | % |

<div align='center'>F-63

Veea Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Three and Nine Months Ended September 30, 2024 and 2023</div>

|                                   |     | Three and nine months ended 
 September 30, 2024          |          |   |
|:----------------------------------|:----|:----------------------------|---------:|:--|
| Balance, beginning of period      |     | $                           |        - |   |
| Initial value, September 13, 2024 |     |                             |  900,933 |   |
| Change in fair value              |     |                             | (607,067 | ) |
| Balance, end of period            |     | $                           |  293,866 |   |

Earn-out Share Liability

Following the closing of the Business
Combination, holders of certain capital stock of Legacy Veea immediately prior to the closing will have the contingent right to receive
up to 4.5 million additional shares of the Company’s Common Stock if certain trading-price based milestones of the Company’s
common stock are achieved or a change of control transaction occurs during the ten-year period following the Closing. The Company’s
obligation to issue the earn out shares is recorded as a contingent liability (the “Earn-Out Share Liability”) in the Company’s
financial statements. The initial value of the contingent earn-out share liability of $53.6 million is recorded as a transaction cost
within operating expenses for