Veea Inc. Announces Public Offering
Veea Inc., a company operating in the Information Technology sector and listed on the Nasdaq, has recently announced the pricing of its public offering. The offering includes 6,000,000 shares of common stock and warrants, priced at a combined $1.00 per share and accompanying warrant. This move is expected to generate $6.0 million in gross cash proceeds for the company.
The warrants issued as part of this offering have an exercise price of $1.10 per share and are exercisable immediately, with a 5-year expiration period. In addition to the public offering, NLabs, an affiliate of Veea, will exchange $3.239 million in promissory notes for 3,239,096 shares and warrants.
The total value of the public offering is approximately $9.2 million, as announced by Veea Inc. on August 13, 2025. The offering is expected to close on August 14, 2025. A.G.P./Alliance Global Partners is serving as the sole placement agent for this transaction.
The proceeds from this offering are intended to be used for various purposes, including inventory investments, enhancing customer support infrastructure, working capital, and other general corporate purposes.
As of August 11, 2025, Veea Inc.’s close price was $1.07, with a 52-week high of $18.56 and a low of $1.055. The company’s market capitalization stands at $43,884,040 USD.
This public offering represents a significant step for Veea Inc., a blank check company based in San Francisco, as it seeks to acquire businesses and assets through various means, including mergers, capital stock exchanges, and asset acquisitions.