Veea Inc. announced a public offering for the purchase and sale of 6,000,000 shares of common stock and warrants.
The offering includes 6,000,000 shares of common stock at a price of $1.00 per share and accompanying warrant with an exercise price of $1.10 per share.
NLabs Inc. will exchange and extinguish certain promissory notes in exchange for shares of common stock and warrants.
Public Offering
Offer includes 6,000,000 shares of common stock at $1.00 per share and warrants.
NLabs Inc. Exchange
NLabs Inc. will exchange promissory notes for shares of common stock and warrants.
Closing Date
The offering is expected to close on or about August 14, 2025.
Net Proceeds
Proceeds will be used for investments in inventory, customer support infrastructure, and working capital.
- The offering will provide Veea Inc. with approximately $6.0 million in cash gross proceeds.
- NLabs Inc.'s exchange of promissory notes will impact the Company's outstanding obligations.
- The closing of the offering is subject to customary closing conditions and is expected to occur soon.
The public offering represents a strategic move by Veea Inc. to raise capital for expansion and operational purposes.