Veea Inc. announced the pricing of a public offering for the purchase and sale of 6,000,000 shares of common stock and warrants.
The offering is priced at $1.00 per share and accompanying warrant, expecting to receive approximately $6,000,000 in gross proceeds.
The closing of the offering is expected to occur on or about August 14, 2025.
Public Offering Pricing
Pricing of 6,000,000 shares of common stock and warrants at $1.00 per share.
Expected Gross Proceeds
Approximately $6,000,000 in gross proceeds expected from the offering.
Closing Date
Offering closing scheduled for around August 14, 2025.
- The public offering is aimed at raising funds for investments in inventory, customer support infrastructure, and general corporate purposes.
- NLabs Inc., an existing stockholder, will exchange and extinguish certain promissory notes in exchange for common stock and warrants.
- AGP/Alliance Global Partners is the sole placement agent for the offering.
Veea Inc.'s public offering pricing and expectations indicate a strategic move to secure funding for future growth and operational enhancements.