Veea Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
June 4, 2026 (
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Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
Independent Director Requirements
On June 1, 2026, Douglas Maine, a member of the Board, the audit committee and the compensation committee, unexpectedly passed away.
Mr. Maine was a highly respected colleague, friend, and valuable member of the Board. His strategic insight and deep experience were invaluable to the Company. The Board and management are deeply saddened by his passing. His loss cannot be replaced and he will be greatly missed. On behalf of the entire Board and the Veea team, we extend our heartfelt condolences to his family and loved ones.
As a result of Mr. Maine’s passing, on June 2, 2026, Veea, Inc. (the “Company”) notified the Nasdaq Stock Market LLC (“Nasdaq”) that the Company is no longer in compliance with the majority independent director requirement under Nasdaq Listing Rule 5605(b)(1), because the Company’s Board of Directors (the “Board”) is currently comprised of six directors, three of them which are “independent directors” as that term is defined under the applicable Nasdaq Rules. In addition, the Company is no longer in compliance with the audit committee requirement under Nasdaq Listing Rule 5605(c)(2)(A) that there be at least three “independent directors” serving on the audit committee as there are currently only two “independent directors” serving on the audit committee. Further, the Company is no longer in compliance with the compensation committee requirement under Nasdaq Listing Rule 5605(d)(2)(A) that there be at least two “independent directors” serving on the compensation committee as there is currently only one “independent director” serving on the compensation committee. As a result of our having notified Nasdaq of the foregoing noncompliance with applicable Nasdaq Listing Rules, the Company received a letter from Nasdaq, dated June 3, 2026, pursuant to which Nasdaq has provided the Company with a cure period to regain compliance with such Nasdaq Listing Rules until the earlier of the Company’s next Annual Meeting of Shareholders or May 31, 2027; provided, however, that if the next Annual Meeting of Shareholders is held before November 27, 2026, then the Company must cure such noncompliant matters no later than November 27, 2026.
The Company intends to take sufficient actions to regain compliance with all of the foregoing Nasdaq governance requirements on or before the expiration of the applicable cure periods provided in the Nasdaq Listing Rules. However, there can be no assurance that Company will be able to regain compliance with the applicable Nasdaq Listing Rules set forth above within the required cure period.
The foregoing has no immediate effect on the Company’s Nasdaq listing and its common stock and public warrants will continue to be listed and traded on the Nasdaq Capital Market under the symbols “VEEA” and VEEAW, respectively, subject to the listing rules.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Veea Inc. | ||
| Date: June 4, 2026 | By: | /s/ Allen Salmasi |
| Name: | Allen Salmasi | |
| Title: | Chief Executive Officer | |
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