Core Viewpoint - Veea Inc. has announced a public offering of 6,000,000 shares of common stock and warrants, aiming to raise approximately $6 million in gross proceeds to support its operations and infrastructure investments [1][3]. Group 1: Offering Details - The offering price is set at $1.00 per share, with warrants to purchase additional shares at an exercise price of $1.10, which will be exercisable immediately and expire in five years [1][3]. - NLabs Inc., an existing stockholder, will exchange $3,239,096 in non-convertible promissory notes for 3,239,096 shares of common stock and accompanying warrants at the public offering price [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for investments in inventory, customer support infrastructure, working capital, and general corporate purposes [3]. Group 3: Regulatory Information - The offering is being conducted under a registration statement on Form S-1, which was declared effective on August 12, 2025 [4].
Veea Inc. Announces Pricing of Approximately $9.2 Million Public Offering