Plum Acquisition Corp. I enters non-redemption pact with Harraden Circle to support Veea deal closing

VEEA INC.

Backstop investor Harraden Circle rescinds redemption of up to number of shares in Exhibit A in exchange for cash payment of (Redemption Price - $9.50) per share at deal close.
Estimated trust account per-share redemption price as of June 3, 2024 was ~$11.20; trust account held ~$36.45M.
Harraden also agrees to purchase shares from other redeeming stockholders within 5 business days up to an Acquired Share Cap set in Exhibit A.
Effective June 4, 2024; termination upon closing of Business Combination with Veea (Transaction Agreement dated Nov 27, 2023).

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