Highest-materiality recent filing
Veea transfers to Nasdaq Capital Market; gets 180-day bid price cure extension
Received three Nasdaq deficiency notices in Sep 2025: bid price <$1, MVPHS <$15M, MVLS <$50M.
Veea converts $21.2M debt/rent to Preferred Stock; transfers listing to Nasdaq Capital Market
Veea converts $16.9M demand notes and $4.3M unpaid rent into 212,000 shares of Series A Preferred at $100/share.
Veea subsidiary secures $5.5M secured term loan with $5M accordion facility
Initial term loan of $5.5M (up to $10.55M total) at prime+4.5% (floor 5.75%); matures Feb 2031.
First closing Jan 14: $555,556 face amount convertible note and warrant to purchase 990,099 shares at $0.505/share.
Veea obtains $14.1M loan from CEO-affiliated stockholder, repays JPMorgan line
NLabs Inc (affiliate of CEO Allen Salmasi) lends $14,100,000 to Veea via demand note at 10% annual interest.
Veea receives three Nasdaq deficiency notices for bid price, MVPHS, and MVLS
Closing bid price below $1.00 for 30 consecutive days; 180-day cure period ends March 30, 2026.
Veea closes $6M cash public offering, $3.2M debt converted to equity
Total offering of 9.2M units (common + warrant) at $1.00 per unit; $6.0M gross cash proceeds.
Veea acquires Crowdkeep's IoT platform for 4.07M shares; Helder Antunes joins as EVP/CRO
Issued 4,065,689 shares of common stock to Crowdkeep for substantially all IoT platform assets.
Veea settles note purchase obligation with Harmonic; receives $5.36M payment
Harmonic's obligation to purchase a $13.55M convertible note terminated.
Veea Inc. enters into $25M equity line with White Lion Capital for common stock purchases
Veea Inc. entered a Common Stock Purchase Agreement with White Lion Capital for up to $25 million in aggregate gross purchase price of newly issued common stock.
Plum completes business combination with Veea; renamed to Veea Inc.; $180M pre-money value
Business combination closed Sept 13, 2024; Plum renamed to Veea Inc. as surviving entity.
Plum Acquisition Corp. I amends Veea deal, sets Sept 16 closing deadline, elects Helder Antunes
Second amendment to BCA sets automatic termination if closing not by Sept 16, 2024.
Nasdaq notified Plum Acquisition Corp. I of delinquent Q2 10-Q filing as additional delisting basis.
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.
Plum Acquisition shareholders approve business combination with Veea Inc.
Business Combination Proposal passed: 9,833,883 for, 352,282 against.
Effective September 13, 2024, Jeffrey Friedman resigned as Senior Vice President and Chief Financial Officer of the Company.
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.
Max materiality 0.90 · Median 0.62 · Most common event other_material