IPO - VEEA INC.

Form Type: S-1/A

Filing Date: 2025-01-10

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025002701

Filing Summary: Veea Inc. filed an Amendment No. 1 to its Form S-1 Registration Statement with the SEC, indicating the planned issuance of 5,256,218 shares of common stock underlying warrants at an exercise price of $11.50, issued during a private placement. The filing also includes the resale of up to 31,679,651 shares of common stock by various selling securityholders, which represents approximately 87.5% of the outstanding shares. The Company’s shares and public warrants are listed on Nasdaq with symbols 'VEEA' and 'VEEAW'. The registration is part of a broader strategic plan following a Business Combination that closed on September 13, 2024. The document discusses risks related to substantial sales by securityholders and notes that the Company is classified as an emerging growth and smaller reporting company. It also details the role and agreements with the selling securityholders and includes various disclosures required under securities law.

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Form Type: S-1/A

Filing Date: 2025-01-10

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025002716

Filing Summary: On January 10, 2025, Veea Inc. filed Amendment No. 1 to its Form S-1 Registration Statement with the SEC. This amendment is part of a registration process for an initial public offering (IPO) of 9,193,579 shares of its Common Stock. The registration pertains to shares that may be offered for sale by White Lion Capital, LLC under the Common Stock Purchase Agreement dated December 2, 2024. The shares include both shares the company may opt to issue and commitment shares, all at a minor fluctuation in price which is subject to the market price of the Common Stock. The actual proceeds from the sale are dependent on various factors, including the number of shares sold and the sale price. The filing indicates that substantial sales from these securities could impact the company's stock price volatility and its ability to raise additional capital. The offering is made in connection with the company's status as an emerging growth and smaller reporting company under federal securities laws. This prospectus outlines the terms of the offering as well as risks involved in investing in the securities.

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