Plum Acquisition Corp. I amends Veea deal, sets Sept 16 closing deadline, elects Helder Antunes

VEEA INC.

Second amendment to BCA sets automatic termination if closing not by Sept 16, 2024.
Promissory notes from officers and Plum Partners converted at $5/share upon closing; Plum Partners note converts balance above $250k.
Parties expect additional conditions: raise at least $4.0M financing, waiver of net tangible assets, sponsor transfers 550k earnout shares.
Helder Antunes elected to board effective at closing; former Cisco executive with IoT expertise.
Pro forma financials show Veea pre-money equity value of $180M; earnout up to 4.5M shares based on $12.50/$15.00 stock price targets.

item 1.01 item 5.02 item 9.01

Executive movements

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Appointed

Helder Antunes

director

VEEA · VEEA INC.

Filed: September 12, 2024, 7:59 PM ET

On September 11, 2024, the Board of Directors of the Company elected Helder Antunes to fill the previously disclosed vacancy on the Company’s board of directors to take effect upon the consummation of the Business Combination.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Helder Antunes was elected as director at VEEA INC..

Action: elected
Role: director

Exact text from the filing

On September 11, 2024, the Board of Directors of the Company elected Helder Antunes to fill the previously disclosed vacancy on the Company’s board of directors to take effect upon the consummation of the Business Combination.

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VEEA INC. filing history →

Source: SEC EDGAR

accession 0001213900-24-077860

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