{
  "id": 3582609,
  "title": "Veea to implement 1-for-20 reverse stock split on Aug. 28",
  "url": "https://urgent.news/2026/08/26/veea-to-implement-1-for-20-reverse-stock-split-on-aug-28",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T20:12:36.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/veea-to-implement-1for20-reverse-stock-split-on-aug-28-93CH-4877842"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Seeking Alpha News",
        "title": "Veea announces 1-for-20 reverse stock split; shares fall",
        "url": "https://urgent.news/2026/08/26/veea-announces-1-for-20-reverse-stock-split-shares-fall",
        "published": "2026-08-26T20:12:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}