Veea Inc. Closes $9.2 Million Public Offering, Raises $6 Million for Inventory, Infrastructure, and Working Capital.

Veea Inc. announced the closing of a $9.2 million public offering, issuing 9,189,096 shares of common stock and warrants to purchase up to 9,189,096 shares of common stock. The company received $6.0 million in gross proceeds and intends to use the funds for inventory, customer support infrastructure, working capital, and general corporate purposes. A.G.P./Alliance Global Partners acted as the sole placement agent in connection with the offering.

Veea Inc. (NASDAQ: VEEA), a leader in intelligent edge infrastructure, has successfully closed a $9.2 million public offering. The company issued 9,189,096 shares of common stock and accompanying warrants to purchase up to 9,189,096 shares of common stock at a price of $1.00 per share and warrant [1].

The gross proceeds from the offering amount to $6.0 million, with the funds earmarked for inventory investments, enhancements in customer support infrastructure, and bolstering working capital and general corporate purposes [1]. Additionally, 3,239,096 shares were issued to NLabs Inc., an affiliate of the company and its CEO, in exchange for extinguishing outstanding promissory notes worth $3.239 million [2].

The offering was priced at $1.00 per share and warrant, with warrants exercisable at $1.10 per share and immediately exercisable with a five-year term [1]. The transaction closed on August 14, 2025, with A.G.P./Alliance Global Partners serving as the sole placement agent [1].

The use of proceeds from this offering will focus on inventory investments, enhancements in customer support infrastructure, and bolstering the company's working capital and other general corporate purposes. The offering is anticipated to close on or around August 14, 2025, subject to customary closing conditions [1].

References:
[1] https://www.gurufocus.com/news/3058636/veea-inc-announces-pricing-of-approximately-92-million-public-offering-veea-stock-news?mobile=true
[2] https://www.stocktitan.net/news/VEEA/veea-inc-announces-closing-of-9-2-million-public-njqi6tis5gcj.html