M&A - VEEA INC.

Form Type: 8-K

Filing Date: 2025-05-19

Corporate Action: Acquisition

Type: New

Accession Number: 000121390025045462

Filing Summary: On May 13, 2025, Veea Inc. entered into an Asset Purchase Agreement (APA) with Crowdkeep, Inc., acquiring certain assets related to Crowdkeep's IoT technology platform. This acquisition involved the issuance of 4,065,689 shares of Veea's common stock as consideration. The APA includes customary representations, warranties, and covenants, and is meant to provide disclosure regarding its terms rather than the facts of the transaction. Additionally, the Company secured a total of $1,000,000 in two tranches from the majority stockholder of Crowdkeep through Note Purchase Agreements, and issued convertible promissory notes with specific terms and maturity dates. Lock-up agreements ensure no sale or transfer of shares received in the transaction for six months post-Closing, with certain exceptions. A press release announcing the acquisition was issued on the same date as the agreement.

Form Type: 10-K

Filing Date: 2025-04-15

Corporate Action: Merger

Type: New

Accession Number: 000121390025032215

Filing Summary: Veea Inc., formerly known as Plum Acquisition Corp. I, completed its Business Combination on September 13, 2024. This merger involved transforming Plum from a Cayman Islands company into Veea, a Delaware corporation, enabling it to simplify intelligent connectivity solutions at the edge of networks. The company focuses on providing advanced edge computing solutions with a strong emphasis on security, low latency, and scalability, targeting high-growth markets, including broadband access for underserved communities and climate smart buildings. Veea has patented a range of technologies aimed at integrating AI and edge computing, and has established itself as one of the leaders in edge AI solutions according to Gartner. The strategic direction involves partnerships to enhance offerings and reach a broader market while maintaining a robust pipeline for future growth, with solutions designed to bridge the digital divide globally.