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Veea ( (VEEA) ) has issued an announcement.
On August 13 and 14, 2025, Veea Inc. announced the pricing and closing of its public offering, respectively, which involved the sale of 6,000,000 shares of common stock and warrants, expected to generate approximately $6 million in cash gross proceeds. The offering, facilitated by A.G.P./Alliance Global Partners, also included an exchange of promissory notes by NLabs Inc., an affiliate of Veea, for shares and warrants. The proceeds are intended for investments in inventory, customer support infrastructure, and general corporate purposes, potentially impacting Veea’s operational capabilities and market position.
More about Veea
Veea Inc., established in 2014 and based in New York City, is a prominent player in the smart edge connectivity and computing industry. The company specializes in providing intelligent edge infrastructure solutions, including the VeeaHub™ STAX platform and VeeaONE™ platform, which offer edge networking, security, and AI-driven cybersecurity for enterprises and public infrastructure. Veea has been recognized for its contributions to Edge Computing and Edge AI by notable organizations such as Gartner Group and IoT Evolution.
Average Trading Volume: 320,307
Technical Sentiment Signal: Sell
Current Market Cap: $24.53M
For a thorough assessment of VEEA stock, go to TipRanks’ Stock Analysis page.