secwatch.observer — SEC 8-K summary
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Issuer:     VEEA INC. (VEEA)
CIK:        0001840317
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001193125-23-075767
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plum Acquisition I shareholders approve extension, face $273M redemption; raises $1.5M
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- Shareholders approved extension of deadline to June 18, 2023, with option to extend monthly to March 18, 2024.
- Holders of 26,693,416 Class A shares redeemed at $10.23 per share for aggregate $273,112,311.62.
- Entered subscription agreement with Polar Multi-Strategy Master Fund for up to $1.5M to fund extension and working capital.
- Sponsor will transfer 0.75 Class A ordinary share per dollar funded by Investor; shares subject to lock-up then registered.
- Shareholders also approved removal of the redemption limitation (net tangible assets test) to allow redemptions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840317/000119312523075767/0001193125-23-075767-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840317/000119312523075767/d389770d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-075767

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