Veea Inc. has filed a prospectus with the U.S. Securities and Exchange Commission for its public offering involving the sale of 6,000,000 shares of common stock and warrants to purchase an additional 6,000,000 shares. Priced at $1.00 per share and warrant, the offering is expected to generate approximately $6 million in cash gross proceeds, excluding placement agent fees and other expenses. The warrants, exercisable immediately at $1.10 per share, will expire five years from issuance. NLabs Inc., an existing stockholder and affiliate of Veea's CEO, will exchange certain non-convertible promissory notes for 3,239,096 shares and accompanying warrants. Proceeds from the offering will support inventory investments, customer support infrastructure, and general corporate purposes. A.G.P./Alliance Global Partners is serving as the sole placement agent.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Veea Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9511749-en) on August 13, 2025, and is solely responsible for the information contained therein.
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