Veea Inc. announced the pricing of a public offering totaling approximately $9.2 million.
The offering includes the sale of 6,000,000 shares of common stock and warrants at a combined price of $1.00 per share.
NLabs Inc., a Delaware corporation, will exchange certain outstanding non-convertible promissory notes in connection with the offering.
Offering Details
6,000,000 shares of common stock and warrants priced at $1.00 per share.
Proceeds Allocation
Expected cash gross proceeds of $6,000,000 will be used for investments in inventory and customer support infrastructure.
Closing Date
The offering is expected to close on or about August 14, 2025.
Placement Agent
A.G.P./Alliance Global Partners is acting as the sole placement agent.
- Veea Inc. is raising funds through the public offering to support its business operations and growth initiatives.
- The offering represents a strategic move to strengthen Veea's position in the intelligent edge infrastructure market.
The successful pricing of the public offering signifies investor confidence in Veea Inc.'s business and growth prospects in the smart edge connectivity sector.