Veea Inc. announced the pricing of its 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 million in cash gross proceeds from the offering.
NLabs Inc. will exchange and extinguish certain of the Company's outstanding non-convertible promissory notes in exchange for shares of common stock and warrants.
Public Offering Details
Offering price of $1.00 per share and warrant with an exercise price of $1.10 per share.
Closing Date
Expected to occur on or about August 14, 2025, subject to customary closing conditions.
Use of Proceeds
Intends to use net proceeds for investments in inventory, customer support infrastructure, and general corporate purposes.
Placement Agent
A.G.P./Alliance Global Partners is the sole placement agent for the offering.
- The Offering will provide Veea Inc. with significant cash gross proceeds to support its business operations and growth plans.
- The exchange of promissory notes will reduce the Company's outstanding debts, potentially improving its financial position.
Veea Inc.'s successful public offering and strategic exchange of promissory notes demonstrate its commitment to financial stability and growth initiatives in the intelligent edge infrastructure market.