Veea Stock Falls 7% After 1-For-20 Reverse Stock Split Takes Effect
Veea Inc. (VEEA) shares dropped 6.89% to $1.92 on Monday, following a 1-for-20 reverse stock split. The stock traded between $1.34 and $1.92, with a 52-week range of $1.34 to $18.67. The split, effective August 28, combines 20 shares into one, maintaining proportional ownership. Trading volume was 175,850 shares, above the 123,068 average.

