Veea announces 1-for-20 reverse stock split; shares fall
Veea Inc., an edge infrastructure company, has announced a 1-for-20 reverse stock split for its common stock, effective August 28. The split will commence at 4:30 p.m. Eastern Daylight Time and the trading will resume on Monday under the same VEEA symbol but with a new CUSIP number of 693489205. This ratio was approved by shareholders at a meeting on December 30, 2025.
Upon the reverse split, 20 shares will be combined into one share. All stockholders will retain the same percentage ownership of common stock post-split, with fractional shares being rounded up and equity plans adjusted accordingly. Continental Stock Transfer & Trust Co. will act as the exchange agent for the transaction. No action is required for shareholders with electronic book-entry shares, but those with shares through a bank, broker, or nominee will see their positions automatically adjusted.
Outstanding warrants and convertible securities will also be modified according to the terms of the reverse split.
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