Why VEEA was halted on Sep 17 2026: non-binding loi

THE DAY ON THE LIST · 3 EVENTS

1. 07:27 ET
   MOVER · PRE-MARKET

   $7.39 · ▲ 21.2% ON THE DAY · 16.1× 5M RVOL · RANK #1

   ≫STRETCHEDCONFIDENCE5/5

   Veea is up 27.9% pre-market on news of a proposed business combination with NovaGen. The catalyst is only a non-binding term sheet with no disclosed valuation or completed definitive agreement, so the move is materially larger than the confirmed news supports.

   WHYA 27.9% move and 35.4x relative volume are outsized versus an unquantified, non-binding term sheet still subject to due diligence, approvals, and possible failure.

   ANALYZED 08:00 ET · <1 MIN AGO · OPENAI/GPT-5.6-LUNA

   THE ROW AND SESSION LEVELS AT 07:27 ET

   LAST7.39

   DAY▲ 21.2%

   5 MIN▲ 5.48%

   5M RVOL16.1×

   5M $VOL$690K

   FLOAT—

   RANK#1

   SESSIONPRE-MARKET

   VWAP6.88

   HOD7.40

   LOD6.31

   OR HIGH—

   OR LOW—

   PREV CLOSE6.10

   PM HIGH7.40

   PM LOW6.31

   GAP▲ 21.15% (indicated)

   — MEANS THE LEVEL DID NOT EXIST YET AT THAT INSTANT, NOT ZERO

2. 09:41 ET
   HALT · REGULAR

   HALTED AT $7.58 · ▲ 24.3% ON THE DAY · 9.0× 5M RVOL · RANK #116

   ≫STRETCHEDCONFIDENCE4/5

   VEEA fell 8.28% in the last five minutes despite being roughly flat on the day. The only substantive news is a non-binding term sheet for a proposed business combination with no disclosed financial terms, so it does not justify this abrupt reversal or trading intensity.

   WHYAn 8.28% five-minute drop is large relative to a non-binding, unquantified term sheet and is better attributed to order flow than fundamental news.

   ANALYZED 10:22 ET · <1 MIN AGO · OPENAI/GPT-5.6-LUNA

   THE ROW AND SESSION LEVELS AT 09:41 ET

   LAST7.58

   DAY▲ 24.3%

   5 MIN▼ 9.37%

   5M RVOL9.0×

   5M $VOL$14.7M

   FLOAT—

   RANK#116

   SESSIONREGULAR

   VWAP7.80

   HOD8.88

   LOD6.31

   OR HIGH8.24

   OR LOW7.67

   PREV CLOSE6.10

   PM HIGH8.61

   PM LOW6.31

   GAP▲ 28.69%
3. 15:50 ET
   UNEXPLAINED MOVE · REGULAR

   $5.16 · ▼ 15.4% ON THE DAY · 0.3× 5M RVOL · RANK #72

   ?UNEXPLAINEDNO FILINGS · RULE

   VEEA is down 8.5% on the day on 0.6x its normal volume for this time of day. No filings or headlines were found in SEC EDGAR filings and Benzinga wire headlines in the last 24 hours, so this is order flow rather than a disclosed catalyst.

   WHYNo filings or headlines within 24 hours of the move.

   ANALYZED 15:23 ET · 26 MIN AGO · RULE, NO MODEL

   THE ROW AND SESSION LEVELS AT 15:50 ET

   LAST5.16

   DAY▼ 15.4%

   5 MIN▼ 3.10%

   5M RVOL0.3×

   5M $VOL$481K

   FLOAT—

   RANK#72

   SESSIONREGULAR

   VWAP7.25

   HOD8.88

   LOD5.16

   OR HIGH—

   OR LOW—

   PREV CLOSE6.10

   PM HIGH—

   PM LOW—

   GAP▲ 28.69%

   — MEANS THE LEVEL DID NOT EXIST YET AT THAT INSTANT, NOT ZERO