VEEA INC. Registers Resale of 15.3M Common Shares

VEEA INC. filed an Amendment No. 1 to its S-1 Registration Statement for the resale of up to 15,306,748 shares of common stock by selling stockholders. The majority of these shares, up to 15,000,000, are designated for White Lion Capital, LLC, stemming from the conversion of convertible promissory notes and the exercise of warrants. An additional 306,748 shares are for a service provider. The company will not receive proceeds from the resale, but will receive proceeds from any cash exercise of the White Lion Warrants. VEEA is classified as an "emerging growth company" and a "smaller reporting company."