Digital Transformation Company Veea to Become Publicly Traded Company via SPAC Merger With Plum Acquisition Corp. I
Portfolio Pulse from Benzinga Newsdesk
Veea Inc., a digital transformation company, is set to become publicly traded through a merger with Plum Acquisition Corp. I (NASDAQ:PLMI), a SPAC. The definitive business combination agreement will lead to Veea continuing its business as a publicly traded entity post-merger.
November 28, 2023 | 9:54 am
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Plum Acquisition Corp. I (NASDAQ:PLMI) is entering a merger with Veea Inc., which will result in Veea becoming a publicly traded company and continuing its business under the new structure.
The announcement of a SPAC merger typically generates positive interest as it indicates growth and expansion opportunities. Investors may view this positively for PLMI in the short term, expecting an increase in stock price as the merger progresses.
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