Veea Inc (NASDAQ: VEEA) saw its shares rise sharply in pre-market trading following a regulatory update regarding its listing status. The stock jumped 34.4% to $5.20 in pre-market trading.
The company announced that it is now fully compliant with Nasdaq’s continued listing requirements. In a statement released after the markets closed on Thursday, Veea confirmed it will be removed from the exchange’s noncompliant list.
Veea is an AI-driven edge infrastructure and Platform-as-a-Service (PaaS) company based in New York.
