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 stock following approval by its board of directors. The 1-for-20 ratio is within the range approved by stockholders at an annual meeting of stockholders held on December 30, 2025.

The Reverse Stock Split is expected to become effective at 4:30 p.m. Eastern Daylight Time on August 28, 2026 and the Company’s common stock is expected to begin trading on a post-split basis at the market open on August 31, 2026 under the same symbol (VEEA) with the new CUSIP number 693489205.