Veea Inc. has priced a public offering of 6,000,000 shares of common stock and warrants at $1.00 per unit, expecting gross proceeds of $6 million. The warrants are exercisable at $1.10 per share and expire in five years. A related transaction sees NLabs Inc. exchange $3.24 million of promissory notes for shares and warrants at the same pricing terms. Closing is expected on or about August 14, 2025. Proceeds will fund inventory investment, customer support infrastructure, and general corporate purposes. A.G.P./Alliance Global Partners is the sole placement agent. VEEA closed at $0.6063 on Wednesday, currently trading higher after hours.

Read more at Nasdaq: Veea Prices $6 Mln Public Offering Of Shares And Warrants