C00932-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 1,806,726,314 |
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Subject of the Disclosure |
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Execution of Memorandum of Understanding between NOW Corporation and Veea, Inc. |
Background/Description of the Disclosure |
On 23 February 2024, NOW Corporation and Veea Inc. signed a Memorandum of Understanding to forge a strategic alliance aimed to enhance NOW’s existing connectivity framework, focusing on the deployment of bespoke, stand-alone (SA) private wireless LAN solutions tailored for the enterprise market. The Parties are also collaborating on strategic areas of growth to extend Digital Equality and Digital Inclusion into target markets, providing effective solutions such as affordable connectivity, Climate Smart Agriculture, edge-medical clinics, edge-u-cation programs and other solutions that promote community development. |
Other Relevant Information |
The foregoing disclosure contains forward-looking statements and soft information that are based on the terms of the Company's partnership with Veea, Inc. and are subject to unforeseen events. Actual results could differ from those contemplated in the relevant forward-looking statements. All subsequent written and oral forward-looking statements attributable to the Company (or persons acting on behalf of the Company) are expressly qualified in their entirety by the above cautionary statements. |
Name | Angeline Macasaet |
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Designation | Corporate Secretary |