Dividends & Buybacks ·
Veea Inc. announced a one-for-twenty (1:20) reverse stock split of its common stock, effective August 28, 2026, with…
VEEAVeea Inc.
Veea Inc. announced a one-for-twenty (1:20) reverse stock split of its common stock, effective August 28, 2026, with trading resuming on a split-adjusted basis on August 31, 2026. Concurrently, the company entered into unsecured loan agreements with principal stockholder NLabs Inc., receiving $450,000 and $250,000 in demand promissory notes bearing 10% annual interest, payable upon maturity on December 31, 2026 or earlier demand. The reverse split proportionally adjusts outstanding warrants, options, and convertible securities; public warrant exercise prices increase to $230.00 per share, requiring holders of at least 20 warrants to purchase one whole share. Fractional shares are rounded up to the nearest whole share. Veea Inc. operates in the technology industry as an AI-driven edge infrastructure company providing hyperconverged network solutions.