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Plum Acquisition I includes Veea Deal in Investor Presentation

PUBLIC · PLMKMay 30, 2024

Acquiring Company

PLUM ACQUISITION CORP. IV

Acquired Company

Veea

San FranciscoNew YorkFinancial ServicesArtificial IntelligenceInformation TechnologySoftwareArtificial IntelligenceWireless

Description

Plum Acquisition I, in a regulatory filing, has included an investor presentation highlighting its proposed business combination with Veea, a cloud computing company. The transaction has an enterprise value of approximately $281 million, prior to an anticipated $50 million private financing by Veea and assuming certain redemptions of Plum shares.

Quick answer

PLUM ACQUISITION CORP. IV is acquiring Veea, announced May 30, 2024. PLUM ACQUISITION CORP. IV is based in San Francisco, California, United States.

How much did PLUM ACQUISITION CORP. IV pay for Veea?
The deal value was not disclosed.
What does PLUM ACQUISITION CORP. IV do?
Plum Acquisition Corp. IV is a special purpose acquisition company (SPAC).
Where are PLUM ACQUISITION CORP. IV and Veea based?
PLUM ACQUISITION CORP. IV is based in San Francisco, California, United States. Veea is based in New York, New York, United States.

Source: Fundz verified event record.

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Company Information

Company

PLUM ACQUISITION CORP. IV

Location

San Francisco, California, United States

About

Plum Acquisition Corp. IV is a special purpose acquisition company (SPAC). The company is focused on identifying and merging with a target business in a variety of sectors. SPACs are formed to raise capital through an initial public offering (IPO) to acquire an existing company. They provide investors the opportunity to invest in private equity deals.

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Frequently asked

Who acquired Veea?

Veea was acquired by PLUM ACQUISITION CORP. IV, based in San Francisco. The deal was reported on May 30, 2024. Plum Acquisition Corp. IV is a special purpose acquisition company (SPAC). The company is focused on identifying and merging with a target business in a variety of sectors. PLUM ACQUISITION CORP. IV is publicly traded (PLMK) and operates in Financial Services.

When did PLUM ACQUISITION CORP. IV acquire Veea?

PLUM ACQUISITION CORP. IV's acquisition of Veea was reported on May 30, 2024. Plum Acquisition I, in a regulatory filing, has included an investor presentation highlighting its proposed business combination with Veea, a cloud computing company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Veea do?

Veea® has unified multi-tenant computing, multiaccess multiprotocol communications, edge storage and cybersecurity solutions through fully integrated cloud- and edge-managed products. It is privately held, operating in Information Technology, and is based in New York.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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