Veea Inc. (NASDAQ: VEEA) announced the pricing of a public offering for the purchase and sale of common stock and warrants.
The offering includes $6 million in cash gross proceeds to the Company.
NLabs Inc. will exchange and extinguish certain outstanding non-convertible promissory notes.
The closing of the Offering is expected on August 14, 2025.
Net proceeds from the Offering will be used for investments in inventory and customer support infrastructure.
Public Offering Details
Offering price: $1.00 per share with accompanying warrant. Aggregate gross proceeds: $6 million.
NLabs Exchange
NLabs to exchange non-convertible promissory notes for shares and warrants at the offering price.
Closing Date
Expected closing date of the Offering: August 14, 2025.
Use of Proceeds
Funds will be used for investments in inventory, customer support infrastructure, and general corporate purposes.
- The offering is a strategic move to raise capital for Veea Inc.'s expansion and growth initiatives.
- NLabs' exchange of promissory notes indicates confidence in the Company's future prospects.
- Investments in inventory and customer support infrastructure are crucial for enhancing operational efficiency.
Veea Inc.'s successful pricing of the public offering signals investor confidence and provides financial support for its strategic plans. The Company's focus on investment in inventory and customer support infrastructure reflects a commitment to future growth and operational excellence.