Polar Asset Management Partners Inc. Makes New $11.11 Million Investment in Veea Inc. (NASDAQ:VEEA)

Polar Asset Management Partners Inc. acquired a new position in Veea Inc. (NASDAQ:VEEA) during the third quarter, HoldingsChannel reports. The fund acquired 1,708,574 shares of the company’s stock, valued at approximately $11,106,000. Polar Asset Management Partners Inc. owned 0.15% of Veea at the end of the most recent reporting period.

Veea Trading Down 7.1 %

Veea stock opened at $2.61 on Wednesday. The business has a fifty day simple moving average of $3.76. Veea Inc. has a 52 week low of $2.13 and a 52 week high of $18.56.

About Veea

Veea Inc provides computing, multiaccess multiprotocol communications, edge storage, and cybersecurity solutions. The company offers multiaccess edge computing (MEC) platform that redefines connectivity and computing at the edge by integrating functions of servers, network attached storage (NAS), routers, firewalls, Wi-Fi Access Points, IoT gateways, and 4G and 5G connections; and Veea Edge Platform enables direct connections from the optical fiber, cellular, and satellite networks.