Veea closes $6M cash public offering, $3.2M debt converted to equity

VEEA INC.

Total offering of 9.2M units (common + warrant) at $1.00 per unit; $6.0M gross cash proceeds.
NLabs (affiliate of CEO) exchanged $3.24M promissory notes for 3.24M shares and warrants.
Warrants exercisable at $1.10/share for 5 years; immediately exercisable.
Net proceeds ~$5.3M after fees; for inventory, customer support, and working capital.
90-day lock-up for insiders; 90-day standstill on new securities issuances.

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