Form 8-K - Current report

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): May 29, 2024

 

PLUM ACQUISITION CORP. I

(Exact name of registrant as specified in its charter)

 

Cayman Islands		001-40218		98-1577353
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

2021 Fillmore St. #2089, San Francisco, CA 94115

(Address of principal executive offices, including Zip Code)

 

[phone]

Registrant’s telephone number, including area code

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☒

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Units, each consisting of one Class A Ordinary Share and one-fifth of one redeemable warrant		PLMIU		The Nasdaq Stock Market LLC
Class A Ordinary Shares included as part of the units		PLMI		The Nasdaq Stock Market LLC
Warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50		PLMIW		The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 7.01 Regulation FD Disclosure. 

 

On May 29, 2024, Veea Inc. (“Veea”) posted an investor presentation (the “Investor Presentation”) to its website at www.veea.com. From time to time, Veea may use this presentation in conversations with investors and analysts. A copy of the investor presentation is attached hereto as Exhibit 99.1.

 

The information is intended to be furnished under Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits:

 

Exhibit No.		Description
99.1		Veea Inc Investor Presentation, dated May 29, 2024.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

	PLUM ACQUISITION CORP. I
Date: May 29, 2024	By:	/s/ Kanishka Roy
		Kanishka Roy
		Co-Chief Executive Officer and President

 

 

2

 

Exhibit 99.1

 

Moving the Cloud & AI to the Device Edge CONNECTIVITY + COMPUTING + SECURITY + EDGE AI First - to - Market with Hyperconverged Multiaccess Edge - to - Cloud Computing Ma y 20 24

 

 

This presentation is made solely for informational purposes, and no representation or warranty, express or implied, is made by Veea Inc. or any of its representatives as to the information contained in these materials or disclosed during any related presentations or discussions. In this presentation, Veea Inc. makes “forward - looking statements,” which describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as “may,” “will,” “estimate,” “launch,” “scale,” “believe,” or similar terminology. These statements are based upon management’s current expectations, assumptions and estimates, and are not guarantees of future results or the timing thereof. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties related to the business of Veea Inc. and other factors. The information contained herein is provided only as of the date on which this presentation is made and is subject to change. Veea Inc. is not under any obligation to update or otherwise revise the information after the date of this presentation. The trademarks referenced in this presentation are the property of their respective owners. Any use of third - party trademarks is solely for illustrative purposes and does not imply endorsement, sponsorship, or affiliation with the owners of such trademarks, unless explicitly stated otherwise. All rights to these trademarks are reserved by their respective owners. This presentation does not constitute an offer or invitation or solicitation of any offer to sell or purchase any securities of Veea Inc. Safe H a r bo r

 

 

Founded by Industry Pioneer who Led the Digital Transformation of the Cellular Industry at Qualcomm with Continued Innovations in 2G / 3G / 4G / 5G Allen Salmasi Veea C o - fo unde r , Chairman & C E O Dot W i r e l e s s A 40 - year history of innovations across ever y gene r ation of wir e less i nd u s t r y x OmniTRACS – Mobile Satellite Data Com & Position Reporting x Q u al co m m Fo u nded x 2G ( CDM A) - Am er i cas & Pa rts o f As i a x 3G (CDMA / TD - CDMA) - 1st Global Standard / Smartphone x M V NO Networks wi th M CI x 4G (OFDMA) - WiMAX >> LTE / Global Standard x Industry 4.0 Smart Solutions - Veea was formed x V e e a / i FR E E Gl o bal SIM & S m art Shopping Cart C o ll abo rati o n x 5G FWA & Cloud - based Virtualized Software Envi ronment x Con v erged W i red & Wire le ss Networks – CableLabs & Li berty x Hyperconverged Edge - Cloud Computing Networks x Edge AI - driven hyperconverged network solutions 1983 1985 1989 19 9 0 s 19 9 0 s 2010s 2014 2017 2020 2020 2021 2022 I N TE LLI G E N T L Y C O NN EC T E D 3

 

 

Sen i o r Leadersh i p M a rk T u b inis C h ie f C o mme rcia l Office r Jeff Frie dma n Chief Finan cia l O f ficer Ja n ice K. S mi t h C h ie f Ope ra t ing Office r Rich Kerr S e n io r VP Produ ct D eve lo p m e n t 40 Y e a r s of T e a m Contribu tio n s to Wire l ess Industry Developments from 2G to 5G and IoT World - class Management, Engineering & Solution Delivery I N TE LLI G E N T L Y C O NN EC T E D 4 • Industry - wide recognized expertise • First all IP - based packet - switched cellular network equipment with first to market with 4G chipset and user devices (i.e., TD - CDMA, WiMAX & LTE) • First “wireless internet” networks for Deutsche Telekom in Eastern Europe • First major public safety network after 9/11 in New York metro area (NYCWiN) with Northrop Grumman • Widely adopted reference designs for most 4G/5G small cells manufactured by major ODMs

 

 

Ve e a: At a Glance P i o n ee r i n g D i g it al T r a n s f o r mat io n a t t he E d g e 2014 Ye a r F o rme d > $ 2 1 0 m Total Capital Raised 103 P a t en t s G r a n t e d 3 3 P e n d i n g & Provisional Major S t r a t egic Shareholders • NLabs Inc. • Korea Information & Communications Co • Sony Corporation • EdgeWater Capital H Q : N e w Y o r k E n g i n eer i n g C en t er s • Ise l in , New Je r s ey • B ath, U K >14,000 U n its s h ipped through Dec 2023 N e w Y o r k ( H Q ) I n d i a n a North Dakota Panama Colombia Brazil J uv i g n y , F r a n c e S a u d i A r a b i a Mexico Canada I n d o n e sia UAE Californi a Missouri/Tennessee Offices D e p l o y m e n t s Offices & Deployments Worldwide B a t h , U K ( C o r e E n g i nee r i n g ) Recognized Leading Smart Edge Platform Gartner - Edge Management and Orchestration, 25 July 2023 Edge AI Software Market Will Exhibit Huge Growth by 2031 | Top Players are: Veea Inc. , Foghorn Systems Inc, IBM …. Global Edge AI Software Industry Market Research Report N e w J e r s e y ( C o r e E n g i nee r i n g ) F l o r i d a T h a il a n d Malay s ia P a r i s , F r a n c e Se o u l , K o re a H o n g K o n g I N TE LLI G E N T L Y C O NN EC T E D 5 Africa ( P l a n n e d )

 

 

I N TE LLI G E N T L Y C O NN EC T E D 6 Sm art Po rt S m a rt M useum I N T E L L I G E N T L Y C O N N E C T E D Veea is Pioneering a First - to - Market Category: Hyperconverged Networks and Secure Edge - to - Cloud Computing … i n O ne T u r n k e y S o l u t i o n a nd P l a t f o r m !

 

 

Initially Targeting Four Primary Market Segments That Scale Rapidly Focus on the primary markets have already created opportunities (extensions) in related industries Real Estate ESG & IoT Channel Partners: Honeywell Tridium, ES G D a t a Providers, S m a rt C i t ie s 2 S mart B uildin gs - Ener g y & Building Mgmt Systems AI - Assisted “ISP - in - a - Box” Channel Partners: MSOs, MNOs, ISPs, R u ra l T e lco s , U t ili t ie s , O N E A m a zo n 1 B roa d band for U n ser v ed & U n d er ser v ed Communiti es 4 Priva te Ed ge Cl oud / N etwo r k Channel Partners: CFE Mexico, Star Group, Celona / NTT Data, Xingtera Public & Private 5G/IOT N e twor k s, I nd u strial I oT Edge Advertising Channel Partners: TROLLEE/ iFREE G ro u p , Qualc o mm, U M o b ile , Xin g t e ra 3 Sm a r t Retail Optional Value - Added Services • Tele - Education • Tele - Health • Tele - Training • S m a rt - F a rming a n d Preci s io n Agriculture • Rene wa b le Ene rgy • In t e rne t o f Fo re s t Veea Edge Platform uniquely s u ppo rt s “ c o n t a ineri zed” H o n e y w e ll N ia ga ra Bui l d ing Ma n a gem e n t S y s t e m (B M S ) w i t h la rge s t U S market share. T u r n ing c o mme rcia l b u ildings int o m o n e t iza b le n odes fo r e n e rgy management and carbon footprint reporting Infrastructure for Next - Gen Retail Solutions: I N TE LLI G E N T L Y C O NN EC T E D 7 • Ve e a p la t fo rm int e gr a t e d w i t h iF REE S m a rt S h o pp ing C a rt • M ic ro lo c a t io n - b a s e d m a rke t ing • Re a l - t ime p rici n g / incent ives • Just - in - Time programmatic a n d / o r t a rge t e d a d v e rti s ing • Foo t fa ll a n a lyt ic s Pri v a t e di s t rib u t e d clo u ds a n d networks for B2B and B2B2C offerings of private 4G/5G networks Fi x ed Wi rele s s Acce s s (FWA ) w i t h dedicated peer - to - peer c o nn e c t io n s o ve r w ire d o r w ire less c o nn e c t io n s b e t w ee n u s e r device s anywhere in the world

 

 

AI is Driving the Move to Compute Everywhere… Not Just in the Cloud or Datacenters Data needs to be processed where it primarily proliferates and is captured - at the Edge BEFORE: Centralized Processing NOW: Decentralizing Intelligence T he D e v ice E d ge T he IT Wo r ld Source: Gartner – What Edge Computing Means for Infrastructure and Operations Leaders https:// www.gartner.com/smarterwithgartner/what - edge - computing - means - for - infrastructure - and - operations - leaders In 2018: 10% of Enterprise Data was Generated a n d Pr o ces s ed at th e E dge By 2025: 75% of Enterprise Data is Projected to be Generated and Processed at the Edge I N TE LLI G E N T L Y C O NN EC T E D 8

 

 

Massive Opportunity for Providing Edge Connectivity + Compute + Security Huge proliferation of Edge devices and data collected away from data centers and the Cloud Massive Increase in Number of Edge Devices (bn) 1 Massive Increase in Data Generated from Edge Devices (zb*) 3 30 24 20 1 9 2021 2023 202 5 E 16% 6 - ye a r CAGR 57 43 25% 6 - ye a r CAGR 2025E 74 45 26 19 20 1 9 2021 2023 1 “2021 Update – Global Internet of Things (IoT) Devices Forecast, 2020 – 2026”, Frost & Sullivan 2 https:// www.digitaljournal.com/pr/news/prwirecenter/edge - ai - software - market - will - exhibit - huge - growth - by - 2031 - top - players - are - veea - inc - foghorn - systems - inc - ibm 3 “ W o rl dw i de Gl o b al D at a Sph e r e I o T D ev i c e a n d D at a F o reca s t , 2 0 2 1 – 2 0 2 5 ” , I D C 4 State of the Edge: https://venturebeat.com/business/state - of - the - edge - report - projects - edge - computing - will - reach - 800b - by - 2028/ 5 Global Broadband Services Market Grows: https://straitsresearch.com/press - release/global - broadband - services - market - growth Ed g e AI M arket t o H it $ 66 B b y 2030 at C A G R o f 21. 0 % Gr a n d V iew Re s ea r c h “Over the next five years, Edge Computing with Edge AI will be c ome the b at t l e f r o nt f o r i nno v at i o n and m i nd sha r e rel at ing to sm art, c o n n e c t e d, digit al t ra n s f or m at i o n of e v e ry bus ines s ” Gartner E d ge C om p uting M a r ke t 4 with Fixed Wir e less A cces s 5 > $1.5 T ril l ion I N TE LLI G E N T L Y C O NN EC T E D 9 by 2028 Edge AI S o ftwa re Mark e t W i l l E x hi b it Huge G r o w th by 2031 | Top Players are: Veea Inc., Foghorn S y ste ms I nc , I BM …. Global Edge AI Software Industry Market Research Report 2 * zettabyte is one billion - trillion bytes or 10 21 bytes

 

 

Connectivity / Compute / Security Solutions Have Been Mainly Focused on Bloated Data Centers and the Cloud Edge - AI Use C a s e s W h a t E x i s t i n g S o l u t i o n s O ff e r I mp r actical & Ha r d to I mplement Point products requiring expert integration Compute done in Cloud makes real - time processing difficult and limits AI Black - box solutions with no programmability or software customization High power consumption High costs to operate and maintain Platform compute/programmability Readily customized for use case Power / thermal efficiency c Simplified, reliable and low - cost implementation and maintenance c c c c W h a t Edge U s e - C a s e s N ee d Practical & E a sy to I mplement Hyperconverged Architecture Real - time ops /decision making (without sending data to the Cloud) I N TE LLI G E N T L Y C O NN EC T E D 10

 

 

Veea is Accelerating the Move of AI Processing to the Device Edge Unlocking the data that will fuel our digital future and AI C e n t r a l cloud Edge c l o u d O n d e v i c e a n d a t D e v i c e E d g e H y brid AI D e v i c e E d g e C onv e r g e nce o f : • Connectivity • H y b r i d E d g e = C l o u d C o m p u t i n g • D ist rib u t e d AI PA ST: Clou d - centric AI AI t ra ining a n d infere n ce in t h e ce n t ra l c l o u d FUTURE: F u ll y - d is trib u ted AI T O D A Y: Pa rtiall y - D is trib u ted AI Power - efficient with Device Edge AI inference and Cloud - centric AI training L o w C o s t E n e r g y E ff i c i e n t R e l i a b l e , w i t h L ow - L a t e n c y P r i v at e & S e c u r e Personalized I N TE LLI G E N T L Y C O NN EC T E D 11

 

 

Veea Solves the Need for Connectivity + Compute + Security at the Edge C o n ta i n e r i zat i o n Ve e a C o n t ro l C e n t e r Ve e a Hub M a n a ge r S e r v ic e s C O MPUTE SECU R E C O N N ECT ST OR E Integrated platform increases ecosystem value over time Plat f orm St ack VeeaHub Net wor k i ng V ee a H u b St o ra ge U s e r In s t a ll e d Applications Bu n dl e d App s Containers Orchestration Runtime - Secured D o c ker C o nt a i ners Middleware Linux OS V i rtual i z a tio n V ee a H u b Se r v e rs U s e r Da ta VeeaCloud I N TE LLI G E N T L Y C O NN EC T E D 12

 

 

Veea’s Secret Sauce #1 : Ability to Create a Private Network: “Cloud - in - a - Box” New Product Category Includes a range of highly unique and m o n e t iza b le clo u d - m a n a ge d A I - dri v e n a pp lica t i o n s a n d v a l u e - a d d e d s e r v ic e s I N TE LLI G E N T L Y C O NN EC T E D 13

 

 

Veea’s Secret Sauce #2 : Architected for Hyperconvergence at the Device Edge E d g e - to - Clou d H y pe r con v e rged I nfr a struct u re VIRTUAL CO MP U T E VIRTUAL M E MO R Y VIRTUAL ST O R A G E VIRTUAL VIRTUAL N E T W OR K MANAG E M ENT ▪ VeeaHub products’ Linux Server provides for a Virtualized Software Environment with cloud - native containerized apps ▪ Wireless and Wireline Communications in one Virtual Network enabled by 5G Wireless - Wireline Convergence (“5G WWC” standards) ▪ Computing and Communications in one Virtual System ▪ Converged cellular - like Managed Wi - Fi Solution The Cloud to Edge Continuum I N TE LLI G E N T L Y C O NN EC T E D 14 Veea Edge P l a t fo rm

 

 

Veea’s Secret Sauce #3 : VeeaWare Software Platform Enables Critical Apps Running Independently at the Edge Distributed Micro - Cloud Computing at the Device Edge ▪ Linux server with high - performance quad - core CPU and virtualized software environment ▪ API and microservice driven software architecture >> cloud - m a n a ge d a pp s ▪ Hardware Abstraction Layer (HAL) with microservices and an API in multiple languages ▪ Patented “Secured Docker TM ” container for apps to run in a t r u s t e d e x e cuti o n e n v iro n me n t ▪ Supports Microsoft Azure IoT, AWS IoT Greengrass V2, and other C loud - b a s e d A pp s a t t h e D ev ice Edge ▪ Novel Wi - Fi connectivity mesh (“vMesh”): provides for a co mp u t ing mes h , a n a pp lica t i o n mes h , a microser v ice s mes h , and an AI - driven Edge Intelligence Mesh Edge Computing and Cloud Computing in one “ Virtual Compute ” environment across edge to cloud resources with Kubernetes orchestration Portable middleware runs on many ARM core - based hardware I N TE LLI G E N T L Y C O NN EC T E D 15

 

 

Veea’s Secret Sauce #4 : Container - level Open Software Development Environment Extended to a Very Large Developer Community v B u s Loc a l N e t w or k Veea Developer Portal with advanced self - serve tools to develop Cloud - managed apps ( developer.veea.com ) T appi ng i nt o a l a rg e e x is ti n g d e v eloper b a se t h ro u gh extensions of Veea Developer Portal to third - party platforms: I N TE LLI G E N T L Y C O NN EC T E D 16 • Mysten Labs ’ Sui is a horizontally scalable blockchain supporting a w ide ra n ge o f dAp p develo p me n t a t low c o s t • m i mi k o ffe rs a r u n t ime e n v iro n me n t designed t o p e rfo rm in a distributed environment, utilizing computing resources available in devices, like smart phones, tablets, IoT devices, and laptops • Builder.ai ® is an AI - powered composable software platform • Sway AI No - Code Workbench with intuitive drag - and - drop development platform to craft, deploy, and monitor sophisticated machine learning workflows and AI applications • New Native is an organization empowering AI - native economy, w i t h t h e u lti ma t e go a l o f a ccelera t ing in n o v a t io n

 

 

Veea’s Secret Sauce #5 : Network Slicing Across Local Area Networks (LANs) Extends 5G network slicing from Wide Area Networks (WANs) to LANs Groun d b r ea k in g vi r tu a l T r u sted B roa d band A ccess ( v T B A ) x Co - developed with CableLabs (Global Cable Industry R&D Labs) Offers “cellular - like” network - managed Wi - Fi/IoT devices per device with x Priority of service, connection speed, usage limits, etc., more securely through LAN devices. x Device designation into Trust Domains with embedded Zero Trust Network Access (ZTNA) fo r s e cu r e i ) c o nn e c t ivit y a n d ii ) r u nn ing o f a pp s x Private networks with direct device connectivity between designated devices, IoT sensors and machines across Wide Area Networks (WANs) and/or Local Area Networks (LANs) x Subscription services for network - managed Wi - Fi/IoT devices x Facilitates convergence of Wi - Fi/IoT protocols with 5G, wireline and HFC (cable networks) with network management via 5G Core Network Global r oamin g ac r oss Vee a H u b p r od ucts x A “Private Network LAN”, formed by VeeaHub units create an “edge - cloud” that with other VeeaHub - based edge - clouds at other locations produce a wide - area distributed cloud vT B A M a n a g e d W i - F i & IoT for MDUs I N TE LLI G E N T L Y C O NN EC T E D 17 vT B A f or W o r k - F r o m - Home (WFH) vT B A M a n a g e d W i - F i & I oT automation for Industries vT B A M a n a g e d W i - F i & I oT for enterprises vT B A M a n a g e d W i - F i & I oT for public housing

 

 

Veea’s Secret Sauce #6a : Ability to Run Transformative AI at the Edge I N TE LLI G E N T L Y C O NN EC T E D 18 W h e r e i t c a n m a k e t he b i g gest d i ff e r e n c e t o d a y D a ta Co l l e c t ed by Se n sors at t h e Edge AI / ML Run Models at the Edge Data Does n’ t Ha v e to be Sent to th e C loud Low L atency Processi ng Rea l - T ime Decis ion M a king Unlocks the True Potential for AI

 

 

Veea’s Secret Sauce #6b : Enabling AI On - Device Learning Combining Edge Computing with AI will drive transformation across industries Few - shot learning Adapt the model to a few labeled s a m ple s Continuous learning I N TE LLI G E N T L Y C O NN EC T E D 19 with unlabeled data Use unlabeled data to do un s upe r v i s ed lea r nin g Ena bl e lea r nin g at sc a l e , and address deployment c hallenge s Federated learning with blockchain Low - complexity on - device learning On - device l e arning t o improve effi c ien c y “ Y esterd a y” “Today” “T o mor r o w ” “T o mor r o w ”

 

 

Veea’s Secret Sauce #7 : Apps & Services Accelerating the Edge Ecosystem 3 rd Party Mobile A P P E n a b lement I o T G a t eway a n d D eve lo p me n t To o ls – S t a n da lone o r Integrated with Microsoft Azure IoT & AWS IoT Greengrass V2 I N TE LLI G E N T L Y C O NN EC T E D 20 4G /5G SD - W AN D u a l - W A N Fix e d W ire less a n d W ire d Broadband Access (optional simplified SASE solution) vTBA (virtual Trusted Broadband Access) - Network - Managed Broadband Access, over Virtualized Private Networks, with the Ability to Offer Subscription Services for Wi - Fi & IoT Devices vTPN (virtual Trusted Private Network) – Securing Data - in - Motion and Data - at - Rest with Cybersecurity protection (SASE) VeeaConnect Private Network UCCaaS (See vREO1 ) Real Time Location Services (RTLS) , Location Based Services (LBS) with Virtual Beacons, Indoor Intelligence AI & V i s i o n A n a l y t i c s - N o - C o de A I, v isua l pla t fo rm a n d D igi t a l T w ins AdEdge (DOOH RTLS - based Proximal Advertising Platform) TR OL L EE Sma rt Shop pi n g C a rt TROLLEE Product Demo video H o n eywe ll N i a g a ra Int e gr a t e d B u ilding & Energy M a n a gem e n t S y s t e ms S m a rt S p a c es Au t o m a t i o n H o m e As s i s t a n t I PT V , Ed g eC D N , W e b R TC , M u l t i c a st S t re ami n g , et c . D i s t r i b uted Ed g e S t o ra g e, Ad v a n c ed AR w i t h G l a ss es H el i um & Bloc kc h a i n Framework

 

 

End Result : An Unparalleled Turnkey Cloud - to - Edge Solutions Platform Veea Edge Platform with 5G & AI holds the same promise as the smartphone did for personal computing Core B e n efi t s ▪ M i nim i z e la tency and raw da ta transport to the Cloud, ▪ Pr i vac y , s ec u ri t y , da ta o wners hip and context awareness, ▪ Fa u lt tol era n c e f o r m i ss i o n criti cal and o t h er e d ge applications ▪ Pr i v ate m i cro “da ta center” wi th wired and wireless coverage ▪ Fixed line and 4G/5G broadband services ▪ Opti o nal i nt egrated s m al l cell private 5G network expansion ▪ Gateway/Edge Device for M i cro s o f t Az u re Io T a nd AWS IoT Greengrass apps M QTT B A Cn e t M od b u s CoAP Netwo r k I N TE LLI G E N T L Y C O NN EC T E D 21 Edge

 

 

Veea Monetizes Every Part of the Value Chain Directly and Through Partners Integrated - platform increases ecosystem value over time Veea T ech n ology & Chan n el Pa r tn er s Edge Platform - as - a - Service (Subscription ePaaS) $ H a r d w a r e L i c e n s e s Take Rate % D a t a - a s - a - S e r v i ce VeeaHub H a r d w a r e D ev i ce s V ee a E d g e S e r v i ce s · E d g e D e l i ve r y Veea M a r k e t p l a ce $ $ 2 0 22 + 2 0 2 3 + 2 0 2 5 + • Recurring Revenue for software and services grows rapidly as the in s t a l l e d b a s e gr o w s • Gross Margin accretion expected as economies of scale achieved I N TE LLI G E N T L Y C O NN EC T E D 22 • Near - term revenues supported by existing customer and partner pipeline • Hardware will be manufactured by ODMs in 2025/2026 based on licensed reference designs developed by Veea

 

 

Veea is Leading the way in “Solutions” - as - a - Service Categories at the Edge I N TE LLI G E N T L Y C O NN EC T E D 23 Served by VeeaHub Product Portfolio and Veea Edge Platform Hardware - as - a - Service Categories Incorporated into VeeaHub Products* • Edge Co m put i ng f o r Ap p s & Servi ces • Public & Private Network Connectivity • Re s ide n t i a l & Ent e rpri s e • Last Mile Solutions for Optical Fiber, 4G/5G FWA, Satellite • I o T U s e C a s e s • M u lt i - Pr o tocol Io T G ate way Servi ces • H y percon v erged Networki ng ( new catego r y ) • Managed Cellular - like Wi - Fi Access (new category) • Edge Device Security & Application Cybersecurity • D i s trib u ted Edge Storage & CD N SaaS Categories Enabled Through Applications Developed by Veea & Partners* • Bu i ld i ng & Ener g y M anage m e nt S y s te m s • Edge AI (new category) • Smart Retail with Smart Shopping Cart • Preci s i on A g ricu lture & Smart Farm i ng • AI - assisted Edge Service Automation • Locati o n - ba s ed Advertis i ng ( e.g., D i gital Si gn age, Hospitality Service Automation) • Edge D ata & D evi ce M anage m e n t wi th C on n ec t i v i t y , A p plicatio n, M i c r ose r v i c e s , E dge Intelligence Mesh • D i gital T wi ns * Cloud & Local Management included with a Developer Portal

 

 

Major Markets Served to Date I N TE LLI G E N T L Y C O NN EC T E D 24 V ee a i s T r ansfo rming E n ti r e V e r t i cal I n dust r i e s ( e x plai n e r v i d e o ) ▪ Cost - effective last mile solutions with value - added services for Internet connectivity optimally suited for • One - third of the world’s population that is unserved or underserved ( https://youtu.be/y_IDmW30LjI ), • Tele - education, tele - medicine, tele - training, smart farming and precision agriculture, environmental and natural disaster monitoring and management, AI - assisted renewable energy management, sustainable fishing, and much more, • Internet of Forest in partnership with O.N.E. Amazon ( https://youtu.be/y1fN1R - u_6M ) ▪ 5G - based broadband connectivity solutions for service providers including AI - assisted “ISP in a box” with value - added services, managed Quality of Service (QOS) and security services ( https://youtu.be/1Y7n33Ha3ms ) . ▪ Smart Building solutions together with the most comprehensive and widely adopted Building and Energy Management System (BMS/EMS) worldwide ( https://youtu.be/6J5EKNWPaTw ) . ▪ Food security and safety for the entire planet with a highly advanced precision agriculture and smart farming solution with Internet of Things (IoT), AI, data fusion and data management ( https://www.veea.com/microclimates ) . ▪ Smart Retail centered on a groundbreaking Smart Shopping Cart and an AI - driven advertising platform (AdEdge) developed by Veea for contextual location - based promotions ( https://youtu.be/OkHhb96zHso ) . ▪ Private distributed clouds for B2B and B2B2C offerings enabled through secure and personalized private networks providing for dedicated peer - to - peer connections over wired (i.e., cable or optical fiber) or wireless (i.e., 4G or 5G) connections between user devices located anywhere in the world ( https://www.youtube.com/watch?v=LzaS055dqsw ) . ▪ Digital transformation and Industrial IoT (IIoT) solutions for Smart Warehouses, Smart Campuses, Smart Cities, Smart Construction, Smart Mining, and many more ( https:// www.rcrwireless.com/20230419/private - networks/att - mexico - qualcomm - partners - test - private - 5g - networks and for private 5G network: https://youtu.be/x20UT_EytvY ) .

 

 

Appendix C u rr e n t M o s t I m p a c t f ul V ee a P r o j e c t s W o r l d w i d e

 

 

26 I N TE LLI G E N T L Y C O NN EC T E D Source: ITU/World Bank h t t p s : / / O u r W o r l d l n D ata.o r g / te c hn o l o g i cal - chan g e https://datareportal.com/reports/digital - 2023 - global - overview - report Active Project Areas 6 25 Veea Brings a Cost - Effective Connectivity Solution to the Unserved World

 

 

The world has a food problem 27 Veea Inc. Confidential & Proprietary I N T E L L I G E N T L Y C O N N E C T E D 27 I N T E L L I G E N T L Y C O N N E C T E D * World will need to produce about 98 percent more food by 2050 to feed an estimated 9 billion people.** Veea Edge Platform is expected to provide coverage to millions of farms surrounding the rural communities for precision agriculture and smart farming over the 2 - 3 years * https:// www.who.int/news/item/06 - 07 - 2022 - un - report -- global - hunger - numbers - rose - to - as - many - as - 828 - million - in - 2021#:~:text=The%20number%20of%20people%20affected,away%20from%20its%20goal%20of* ** h tt p s : / / www . f a o . o r g / 3 /c a96 9 2 en / o n l i n e /c a96 9 2 en . h t m l # c h a p ter - K e y _ m e ss a g e ** https:// www.undp.org/sites/g/files/zskgke326/files/2022 - 01/UNDP - Precision - Agriculture - for - Smallholder - Farmers - V2.pdf

 

 

O n - F arm C o nn ect i vit y M ul t i Cl o ud Su pp o rt App l i c at i o n St o re Veea is providing network and value - added solutions to its channel partners, including major cloud service provid ers , IT s o l u ti o ns and s ervi ces companies and several rural telcos, in the US to roll - out broadband connectivity with a variety of services Veea Edge Platform Brings Broadband, Edge - Cloud Computing, Wi - Fi & IoT Connectivity, Machine Learni ng and AI, D i s tribu ted Edge Storage & D a ta M anage m e nt , F u ll Stack Security, Containerized Apps, Edge - Cloud Computing Resource Orc h e s tration & Au to m at i o n, Commodity Exchange Platform with Lead i n g - e dge Bl o ckcha i n, and m o re, Co m bine d wi th Capabil i ti e s o f a n E c o s y s tem o f Worl d - cla ss Pa rt n ers . A Smart Agriculture Infrastructure Deployment Model for Rural C o m m unities and Two Mi l lio n Far m s in the US 27 Veea Inc. Confidential & Proprietary I N T E L L I G E N T L Y C O N N E C T E D 28 I N T E L L I G E N T L Y C O N N E C T E D

 

 

• Transforming the Amazon biome into a digital asset security for sustainable environmental impact through a partnership with O.N.E. Amazon, AE C OM , M IT M e d i a Labs, Col o m bi a n governm e nt , USAID, Goldman Sachs, UN agencies and others. • Mo nitori n g t h e rai nfo r e s t with In t ernet of Fore s t (IoF) and while delivering economic and social benefits to farmers and rural communities. • Add res s i ng the global f oo d s ec u ri ty cri s i s by helping farmers to increase their crop yields and red u cing po s t har v e s t l o ss e s . • Live de m onstratio n at Bi od i v ers i ty C OP 16 i n Col o m bia i n October 24’ and G20 Su mm i t i n Bra z i l in November 24’ with live demonstrations of IoF and various value - added services. Veea provides: • direct - to - device Internet connectivity with a sustainable business model, • value - added services such as precision agriculture, tele - education, tele - health, t e l e - tra i n i ng, IPTV & E S G • unified edge - to - cloud c o mputin g , AI & data analytics Climate Change Projects and Opportunities in Americas, Asia and Africa Contributing to the efforts in saving our planet from climate change Veea is working with ISPs, Philanthropic Foundations, NGOs, farm cooperatives and operators in the US, Colombia, Mexico, Brazil, Indonesia, Malaysia, Thailand, Philippines and Western Africa to bring broadband services, precision agriculture, tele - education, tele - health, IPTV, and others to empower the farmers & Increase food supplies O . N. E. Amazo n: h tt p s :/ / o n e a m a z on .c o m Colombia Projects: https://www.oneamazoncolombia.com Ex p l a i n e r vi d eo : h tt p s :/ / yo u t u .b e / y1fN1R - u _ 6 M I N TE LLI G E N T L Y C O NN EC T E D 29

 

 

Building the Internet of Forests (IoF) Veea enables the IoF solution with hyperconverged Edge Computing infrastructure • The IoF architecture is based on large - scale LoRaWAN networks, utilizing sensors developed by MIT Media Labs and others, delivered through LoRaWAN gateways of VeeaHub products along with machine learning and AI to monitor key variables within the rainforests. • By understanding rainforest environments, we can help communities better manage their resources and activities, create systems that optimize natural resource use by corporations and governments, improve environmental health and enhance forest resilience. • The report introduces a five phase technological roadmap for building infrastructure that will allow for the monitoring of hundreds of thousands of rainforest hectares. • Allen Salmasi serves as Chairman of IoF Working Group . Phase 1 - Data Infrastructure: Central to the phase is the installation of a database and server services which are required to properly store and handle information coming from sensor nodes. Phase 2 - Satellite images and drone images can be used within machine learning frameworks that can help to calculate biomass density, deforestation patters and over all health of tree canopies. Phase 3 - Environmental Sensing: Historical data of environmental sensor stations will act as a reliable tool to study how segments of land evolve during long periods of time. Phase 4 - Socio - environmental sensing encompasses a distributed network of low - cost, low - power sensors. Phase 5 - Bio - sensing can enable deeper assessment about molecule - level insights. Bio sensors can be used to detect and understand presence and change of specific pollutants and bacterial compositions within the environment. I N TE LLI G E N T L Y C O NN EC T E D 30

 

 

AI - Driven Neural Network for Our Planet A highly valuable open - source complement to IoF The Enterprise Neurosystem • An open - source AI research community, founded on the principle that all the species and ecosystems on this planet are part of a single system. • D e v el o ping a globa l - s c a l e AI network. • 190 participants from over 30 companies and academic institutions. • Stanford SLAC, UC Berkeley, EY, Google, Microsoft, IBM Research, Intel, Meta, Veea, Reliance Jio, Seagate, Verizon and Yahoo! • The Enterprise Neurosystem lends direct support to leading international climate organizations like the UNFCCC TEC and CTCN, and AIM For Climate, the international initiative for climate - smart agriculture and food systems, sponsored by the United Arab Emirates and the United States. • Supporting hundreds of climate projects. I N TE LLI G E N T L Y C O NN EC T E D 31

 

 

Veea Edge Platform Provides for Critically Needed Solutions • Tele - education, tele - training and tele - health to make the farming community more productive and healthier • T he global cri s i s i n f oo d s u p p l i es, • Energy management, • Environmental monitoring and reporting, • Natural disaster monitoring, prevention and recovery, • E c o l o gica l cri s i s m anage m ent and m uch m o re. About 90 percent of the world’s farmers are smallholders, owning less than two hectares of land. Smallholder farmers are ex pected to play a cruci al rol e i n t h i s . Alre a dy, an estimated 80 percent of the food produced in Asia and su b - Sahara n Af r i c a co m es f rom s m al l f ar m s . Peter D ruc k er fa m o u sly sa i d, “ If you can ' t m e a s ure it, you can't m anag e it . ” I N TE LLI G E N T L Y C O NN EC T E D 32

 

 

Containerized Honeywell Niagara Framework Enabled by VeeaHub products The only wired and wireless BMS/EMS solution supporting the full range of IoT and smart building protocols and use cases Monitoring, control and automation of any devi ce o r sy stem Su sta i n a bil i ty reporti n g for a ll systems w ith i n the building Niagara Framework is d e p l o yed i n 77 c o un t r i es w i t h o ver 1 . 2 mi ll i o n i n s t a ll a t i o n s I N TE LLI G E N T L Y C O NN EC T E D 33

 

 

Creating a profitable business while saving our planet We retain the required technical capabilities to address many of the global challenges resulting from the current climate emergency, pressing social issues, food insecurity, water pollution and essential health services most efficiently: x “Last - mile” Internet connectivity for everyone and everything (IoT) in unserved and underserved regions of the world x Tele - education with wide - area delivery of stored content at the edge x Tele - healthcare x Tele - training x Precision agriculture and Smart Farming x ESG and affordable renewable energy solutions x Real - time monitoring of weather and air quality x Monitoring and prevention of water pollution x Forest preservation solutions (fires, timber poaching, animal tracking, de for e sta t ion monit ori n g, e t c .) x Natural disaster monitoring and prevention x S mart Was t e M a n a g em ent x Sustainable fishing, feed management and precision fisheries x Maritime monitoring in coastal areas The u n ique solut i ons dev e lo p ed by Ve e a deliver on t h e 2030 Sust aina b le Dev e lo pment Goals ( SDG s) es t ab l is h ed by the Unit ed N at io ns across the boa r d. Edge C om p u t i n g wi t h affordable wide area con n ectiv i t y, co n tent delive r y, IoT a n d Edge AI x G ree n s u pp ly c hain managem e n t h elp us to meet SDG s. I N TE LLI G E N T L Y C O NN EC T E D 34

 

Cover	May 29, 2024
Document Type	8-K
Amendment Flag	false
Document Period End Date	May 29, 2024
Entity File Number	001-40218
Entity Registrant Name	PLUM ACQUISITION CORP. I
Entity Central Index Key	0001840317
Entity Tax Identification Number	98-1577353
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	2021 Fillmore St. #2089
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94115
City Area Code	415
Local Phone Number	683-6773
Written Communications	true
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Units, each consisting of one Class A Ordinary Share and one-fifth of one redeemable warrant
Title of 12(b) Security	Units, each consisting of one Class A Ordinary Share and one-fifth of one redeemable warrant
Trading Symbol	PLMIU
Security Exchange Name	NASDAQ
Class A Ordinary Shares included as part of the units
Title of 12(b) Security	Class A Ordinary Shares included as part of the units
Trading Symbol	PLMI
Security Exchange Name	NASDAQ
Warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50
Title of 12(b) Security	Warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50
Trading Symbol	PLMIW
Security Exchange Name	NASDAQ

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