other material
confidence high
sentiment neutral
materiality 0.60
Veea announces 1-for-20 reverse stock split effective Aug 28; gets $1.15M loans from affiliate
VEEA INC.
- Reverse stock split 1-for-20 effective 4:30pm ET Aug 28, 2026; trading begins Aug 31 on split-adjusted basis.
- New CUSIP 693489205; public warrants adjusted to 1/20 share at $230 exercise price per whole share.
- NLabs (affiliate of CEO) lends $450k, $450k, $250k at 10% interest, due Dec 31, 2026 or on demand, for working capital.
- Fractional shares rounded up; equity awards and convertible securities proportionately adjusted.