Veea loses independent director; falls out of Nasdaq governance compliance

Veea Inc. notified Nasdaq on June 2, 2026, that it no longer meets independent director requirements after the passing of board member Douglas Maine on June 1, 2026. The company's six-member board now has only three independent directors, falling short of Nasdaq rules for board composition and committee staffing. Nasdaq granted a cure period extending until the earlier of the company's next annual shareholder meeting or May 31, 2027 (or November 27, 2026 if that meeting occurs before then); the stock remains listed pending compliance restoration.