Veea Inc. announced the pricing of a public offering for the purchase and sale of 6,000,000 shares of common stock and accompanying warrants.
The Company expects to receive approximately $6,000,000 in cash gross proceeds from the offering.
NLabs Inc. will exchange certain outstanding non-convertible promissory notes for shares of common stock and warrants at the public offering price.
Public Offering Details
Pricing of 6,000,000 shares of common stock and warrants at $1.00 per share.
Net Proceeds Usage
Intended use of net proceeds for investments in inventory, customer support infrastructure, and general corporate purposes.
Closing Date
Expected closing of the offering on or about August 14, 2025, subject to customary closing conditions.
- The Offering will provide Veea Inc. with significant cash gross proceeds to support its operational and growth strategies.
- The exchange of promissory notes for shares will strengthen the Company's financial position and capital structure.
Veea Inc.'s successful pricing of the public offering and strategic exchange of promissory notes demonstrate a positive outlook for its financial health and expansion plans.