Veea Announces 1-For-20 Reverse Stock Split, Effective Aug. 28
Veea Inc. (Nasdaq: "VEEA", "Veea" or the "Company"), today announced that it will proceed with a 1-for-20 reverse stock split ("Reverse Stock Split") of its outstanding shares of common
Veea is combining 20 old shares into 1 new share starting August 28. This makes each share worth more on paper, but doesn't change what the company is actually worth—it's like trading twenty $1 bills for one $20 bill.
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