VEEA INC. Schedule 13D Filing Summary

Allen Salmasi and NLabs Inc. filed a Schedule 13D with the SEC, disclosing their ownership of VEEA INC. common stock. Mr. Salmasi, the CEO and chairman of VEEA, along with NLabs, collectively own 55.21% and 45.09% of the company's common stock, respectively. The filing details the acquisition of shares through a public offering and the extinguishment of promissory notes. The reporting persons have no specific plans to acquire additional shares but may do so based on market conditions and investment considerations. The filing also includes information on warrants issued to NLabs, which are exercisable at $1.10 per share and expire in five years. The importance of this filing is HIGH as it discloses significant ownership and potential influence over VEEA INC. by its CEO and an affiliated entity.