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Veea Inc. jumps 149% on potential business combo with NovaGen amid market slump

Market News
15 Sep 2026
Alex Lavoie
View Source
Bullish
Veea Inc. jumps 149% on potential business combo with NovaGen amid market slump

Veea Inc. shares surged 149.34% following the announcement of a potential business combination with NovaGen Group B.V. The deal aims to create NovaGen Health Networks, merging Veea's AI edge-computing tech with NovaGen's regenerative medicine. GeoNova Capital plans a $10 million investment, valuing the combined company around $750 million. This surge stands out amid a broader market downturn, highlighting investor optimism about the new venture. Other stocks like Horizon Quantum and Radiant Logistics also rose, while inverse ETFs gained due to declines in their underlying stocks.

Veea Inc. shares surged 149.34% following a business combination announcement, providing notable market context. For readers following the U.S. technology sector, here is Pluang's market snapshot as of Sep 16, 2026 04:03 WIB: out of 150 priced technology stocks, 66 rose and 82 fell. Notable movers include APPN (Appian Corp) with a 9.84% increase and WIX (Wix.Com Ltd) up 9.04%, while COIN (Coinbase Global, Inc.) declined 10.33%.

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