SEC Comment Letter 0000000000-23-009072 to VEEA INC. (VEEA)
VEEA INC.
Date: Aug. 18, 2023 · CIK: 0001840317 · Accession: 0000000000-23-009072
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-40218
Letter
United States securities and exchange commission logo August 18, 2023 Kanishka Roy Co-Chief Executive Officer Plum Acquisition Corp. I 2021 Fillmore St. #2089 San Francisco, CA 94115 Re:Plum Acquisition Corp. I Preliminary Proxy Statement on Schedule 14A Filed August 11, 2023 File No. 001-40218 Dear Kanishka Roy : We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Preliminary Proxy Statement on Schedule 14A Risk Factors Applicable listing standards of the Nasdaq Stock Market LLC (“Nasdaq”) may prevent the Company from exercising each monthly extension. . ., page 3 1.We note that you are seeking to extend your termination date to December 18, 2023, with the option to extend by one-month intervals an additional 6 months to June 18, 2024, a date which is 39 months from your initial public offering. We also note your disclosure here that Section IM-5101-2(b) of the NASDAQ Listing Rules requires that a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement, and that you "may not seek to exercise an otherwise-permissible one-month extension under the Articles Extension if doing so would cause [you] to be in violation of applicable listing standards of the NASDAQ," and that therefore, you may not extend the termination date beyond March 18, 2024. Please revise to clarify your statements, and to provide investors with additional context regarding the statement that you may not extend the termination
FirstName LastNameKanishka Roy Comapany NamePlum Acquisition Corp. I August 18, 2023 Page 2 FirstName LastName Kanishka Roy Plum Acquisition Corp. I August 18, 2023 Page 2 date beyond 36 months from your initial public offering. Please also revise to explain that the new termination date does not comply with this Nasdaq rule, and disclose the risks of your non-compliance with this rule, including that your securities may be subject to suspension and delisting from Nasdaq.
We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Catherine De Lorenzo at 202-551-3772 or Dorrie Yale at 202-551-8776 with any questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Philip C. McDermott, Esq.
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United States securities and exchange commission logo
August 18, 2023
Kanishka Roy
Co-Chief Executive Officer
Plum Acquisition Corp. I
2021 Fillmore St. #2089
San Francisco, CA 94115
Re:Plum Acquisition Corp. I
Preliminary Proxy Statement on Schedule 14A
Filed August 11, 2023
File No. 001-40218
Dear Kanishka Roy :
We have reviewed your filing and have the following comment. In our comment, we
may ask you to provide us with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
Preliminary Proxy Statement on Schedule 14A
Risk Factors
Applicable listing standards of the Nasdaq Stock Market LLC (“Nasdaq”) may prevent the
Company from exercising each monthly extension. . ., page 3
1.We note that you are seeking to extend your termination date to December 18, 2023, with
the option to extend by one-month intervals an additional 6 months to June 18, 2024, a
date which is 39 months from your initial public offering. We also note your
disclosure here that Section IM-5101-2(b) of the NASDAQ Listing Rules requires that a
special purpose acquisition company must complete one or more business combinations
within 36 months of the effectiveness of its IPO registration statement, and that you "may
not seek to exercise an otherwise-permissible one-month extension under the Articles
Extension if doing so would cause [you] to be in violation of applicable listing standards
of the NASDAQ," and that therefore, you may not extend the termination date beyond
March 18, 2024. Please revise to clarify your statements, and to provide investors with
additional context regarding the statement that you may not extend the termination
FirstName LastNameKanishka Roy
Comapany NamePlum Acquisition Corp. I
August 18, 2023 Page 2
FirstName LastName
Kanishka Roy
Plum Acquisition Corp. I
August 18, 2023
Page 2
date beyond 36 months from your initial public offering. Please also revise to explain that
the new termination date does not comply with this Nasdaq rule, and disclose the risks of
your non-compliance with this rule, including that your securities may be subject to
suspension and delisting from Nasdaq.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
You may contact Catherine De Lorenzo at 202-551-3772 or Dorrie Yale at 202-551-8776
with any questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Philip C. McDermott, Esq.