Veea Inc. Files for IPO

TL;DR

Veea Inc. just filed for IPO, get ready for some new tech stock!

AI Summary

Veea Inc. filed an S-1 registration statement on December 13, 2024, indicating its intent to go public. The company, formerly known as Plum Acquisition Corp. I, is incorporated in Delaware and operates in computer-integrated systems design. Its principal executive offices are located at 164 E. 83rd Street, New York, NY 10028, with Allen Salmasi serving as Chief Executive Officer.

Why It Matters

This S-1 filing signals Veea Inc.'s intention to become a publicly traded company, which could lead to increased capital for expansion and greater market visibility.

Risk Assessment

Risk Level: medium — As a company filing for an IPO, Veea Inc. faces inherent risks associated with market reception, competition, and execution of its business plan.

Key Players & Entities

• VEEA INC. (company) — Registrant
• Plum Acquisition Corp. I (company) — Former company name
• Allen Salmasi (person) — Chief Executive Officer
• 164 E. 83rd Street, New York, NY 10028 (location) — Principal executive offices
• December 13, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.0001 — ," the "Company," or "Veea"), par value $0.0001 per share (the "Common Stock"), that ha
• $2.73 — res to be issued are sold at a price of $2.73 per share) that we may elect, in our so
• $25.0 million — o this prospectus. We may receive up to $25.0 million in aggregate gross proceeds from White
• $3.32 — e closing price of our Common Stock was $3.32 per share and the closing price for our
• $0.1559 — the closing price for our Warrants was $0.1559 per warrant. We are an "emerging growt
• $12.50 — alizations) is greater than or equal to $12.50 for any twenty (20) trading days within
• $15.00 — alizations) is greater than or equal to $15.00 for any twenty (20) trading days within
• $0.00001 — Private Veea's common stock, par value $0.00001 per share. " Private Veea Convertible

Filing Documents

• ea0224057-s1_veeainc.htm (S-1) — 6044KB
• ea022405701ex5-1_veeainc.htm (EX-5.1) — 8KB
• ea022405701ex23-1_veeainc.htm (EX-23.1) — 2KB
• ea022405701ex23-2_veeainc.htm (EX-23.2) — 2KB
• ea022405701ex-fee_veeainc.htm (EX-FILING FEES) — 49KB
• image_001.jpg (GRAPHIC) — 15KB
• image_002.jpg (GRAPHIC) — 28KB
• ex5-1_001.jpg (GRAPHIC) — 22KB
• 0001213900-24-108485.txt ( ) — 28760KB
• veea-20240930.xsd (EX-101.SCH) — 186KB
• veea-20240930_cal.xml (EX-101.CAL) — 138KB
• veea-20240930_def.xml (EX-101.DEF) — 1048KB
• veea-20240930_lab.xml (EX-101.LAB) — 1406KB
• veea-20240930_pre.xml (EX-101.PRE) — 1054KB
• ea0224057-s1_veeainc_htm.xml (XML) — 6004KB

USE OF PROCEEDS

USE OF PROCEEDS 39 DETERMINATION OF OFFERING PRICE 40 MARKET INFORMATION FOR COMMON STOCK AND DIVIDEND POLICY 40

BUSINESS

BUSINESS 41 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 54 EXECUTIVE AND DIRECTOR COMPENSATION 68 MANAGEMENT 70

SECURITY OWNERSHIP

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 75 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 76 SELLING SECURITYHOLDER 81

DESCRIPTION OF SECURITIES

DESCRIPTION OF SECURITIES 82 RESTRICTIONS ON RESALE OF COMMON STOCK 92 PLAN OF DISTRIBUTION 94 MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS 96 EXPERTS 100 LEGAL MATTERS 100 WHERE YOU CAN FIND MORE INFORMATION 100 INDEX TO FINANCIAL F-1 i ABOUT THIS PROSPECTUS This prospectus is part of a registration statement on Form S-1 that we filed with the SEC using the "shelf" registration process. Under the shelf registration process, the selling securityholder may, from time to time, sell the securities offered by it described in this prospectus through any means described in the section titled " Plan of Distribution ." More specific terms of any securities that the selling securityholder and its permitted transferees offer and sell may be provided in a prospectus supplement that describes, among other things, the specific amounts and prices of the securities being offered and the terms of the offering. This prospectus also relates to the issuance by us of shares of Common Stock from time to time upon the occurrence of the events described in this prospectus. We may also provide a prospectus supplement or post-effective amendment to the registration statement of which this prospectus forms a part to add information to, or update or change information contained in, this prospectus. Any statement contained in this prospectus will be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained in such prospectus supplement or post-effective amendment modifies or supersedes such statement. Any statement so modified will be deemed to constitute a part of this prospectus only as so modified, and any statement so superseded will be deemed not to constitute a part of this prospectus. You should read both this prospectus and any applicable prospectus supplement or post-effective amendment to the registration statement of which this prospectus forms a part together with the additional inf

View Full Filing

View this S-1 filing on SEC EDGAR