Veea Inc. Files 8-K with Material Agreements
Ticker: VEEAW · Form: 8-K · Filed: Jan 2, 2025 · CIK: 1840317
| Field | Detail |
|---|---|
| Company | Veea Inc. (VEEAW) |
| Form Type | 8-K |
| Filed Date | Jan 2, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11, $13.55 million, $5,364,159 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, material-agreement, corporate-filing
TL;DR
Veea Inc. filed an 8-K on Dec 31, 2024, reporting material agreements and financials.
AI Summary
Veea Inc. filed an 8-K on January 2, 2025, reporting on events as of December 31, 2024. The filing indicates a material definitive agreement and includes financial statements and exhibits. Veea Inc. was formerly known as Plum Acquisition Corp. I.
Why It Matters
This 8-K filing signals significant corporate events and financial reporting for Veea Inc., providing crucial updates for investors and stakeholders.
Risk Assessment
Risk Level: low — This filing is a standard corporate disclosure and does not inherently present new risks.
Key Players & Entities
- Veea Inc. (company) — Registrant
- Plum Acquisition Corp. I (company) — Former company name
- December 31, 2024 (date) — Date of earliest event reported
- January 2, 2025 (date) — Filing date
FAQ
What specific material definitive agreement was entered into by Veea Inc. as of December 31, 2024?
The filing indicates the entry into a material definitive agreement but does not specify the details of the agreement in the provided text.
What is the primary business of Veea Inc. according to its SIC code?
Veea Inc.'s Standard Industrial Classification (SIC) code is 7373, which corresponds to SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN.
When did Veea Inc. change its name from Plum Acquisition Corp. I?
Veea Inc. changed its name from Plum Acquisition Corp. I on January 13, 2021.
What is Veea Inc.'s state of incorporation?
Veea Inc. is incorporated in Delaware.
What is the principal executive office address for Veea Inc.?
The principal executive offices of Veea Inc. are located at 164 E. 83rd Street, New York, NY 10028.
Filing Stats: 609 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2025-01-02 16:15:29
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share VEEA The Nasdaq Stock Mar
- $11 — e share of Common Stock at a price of $11.50, subject to adjustment VEEAW The
- $13.55 million — ote in an aggregate principal amount of $13.55 million (the " Commitment Amount ") on or prior
- $5,364,159 — ant to which Harmonic made a payment of $5,364,159 to the Company in consideration for the
Filing Documents
- ea0226643-8k_veea.htm (8-K) — 29KB
- ea022664301ex10-1_veea.htm (EX-10.1) — 16KB
- 0001213900-25-000386.txt ( ) — 263KB
- veea-20241231.xsd (EX-101.SCH) — 4KB
- veea-20241231_def.xml (EX-101.DEF) — 26KB
- veea-20241231_lab.xml (EX-101.LAB) — 36KB
- veea-20241231_pre.xml (EX-101.PRE) — 25KB
- ea0226643-8k_veea_htm.xml (XML) — 6KB
01. Entry into a Material Definitive
Item 1.01. Entry into a Material Definitive Agreement. As previously disclosed, on September 13, 2024, Veea Inc. (the " Company ") and VeeaSystems Inc. entered into note purchase agreements with certain accredited investors for the sale of unsecured subordinated convertible promissory notes. Pursuant to the note purchase agreement with Harmonic Equity Partners (" Harmonic "), Harmonic was to purchase a note in an aggregate principal amount of $13.55 million (the " Commitment Amount ") on or prior to October 15, 2024, which was subsequently extended to December 15, 2024. On December 31, 2024, the Company and Harmonic entered into a mutual Settlement and Release Agreement (the " Settlement Agreement "), pursuant to which Harmonic made a payment of $5,364,159 to the Company in consideration for the termination of Harmonic's obligation to purchase a note in the principal amount of the Commitment Amount and a mutual release of claims. The foregoing description of the Settlement Agreement is qualified in its entirety by reference to the full text of the Settlement Agreement, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed with this Form 8-K: Exhibit Number Description 10.1 Settlement and Release Agreement, dated December 31, 2024, between the Company and Harmonic. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 2, 2025 Veea Inc. By: /s/ Allen Salmasi Name: Allen Salmasi Title: Chief Executive Officer 2