VEEA INC. current report, 19 April 2022

Form 8-K Summary

Business Context and Reporting Period

This filing was submitted by Plum Acquisition Corp. I, a Cayman Islands special purpose acquisition company, and is dated April 19, 2022, with the report signed April 25, 2022. The provided metadata identifies Veea Inc., but the filing’s registrant is Plum Acquisition Corp. I.

Material Filing and Listing Matters

  • On April 19, 2022, Nasdaq notified the company that it was not in compliance with Listing Rule 5250(c) because it had not timely filed its Form 10-K for the year ended December 31, 2021.
  • The company filed the Form 10-K on April 21, 2022.
  • On April 25, 2022, Nasdaq notified the company that it had regained compliance with Listing Rule 5250(c).
  • The company issued a related press release, included as Exhibit 99.1.

Financial Metrics, Liquidity, and Debt

The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating and financial metrics. It is focused on Nasdaq compliance and the late filing of the Form 10-K.

Guidance, Outlook, Risks, and Unusual Items

The filing provides no financial guidance or business outlook. The principal disclosed risk was the potential impact of the delayed Form 10-K on continued Nasdaq listing compliance. The deficiency was cured after the Form 10-K was filed, and the company reported that compliance had been restored.

Key Facts to Verify

  • Confirm that the applicable issuer is Plum Acquisition Corp. I rather than Veea Inc.
  • Review the Form 10-K for the year ended December 31, 2021, which was filed on April 21, 2022.
  • Review Exhibit 99.1 for the company’s explanation of the Nasdaq deficiency and cure.
  • Verify the company’s ongoing Nasdaq listing status and any subsequent compliance notices.