secwatch.observer — SEC 8-K summary
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Issuer:     VEEA INC. (VEEA)
CIK:        0001840317
Form:       8-K
Filed at:   2024-12-06T23:59:59+00:00
Accession:  0001213900-24-106171
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Veea Inc. enters into $25M equity line with White Lion Capital for common stock purchases
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- Veea Inc. entered a Common Stock Purchase Agreement with White Lion Capital for up to $25 million in aggregate gross purchase price of newly issued common stock.
- Company may require White Lion to purchase shares at 98% of lowest daily VWAP (Option 1) or 96.5% of day's VWAP (Option 2), subject to volume limits.
- Veea issued 25,000 commitment shares to White Lion as consideration, valued based on average VWAP prior to effectiveness or written request.
- Agreement has a 24-month commitment period and requires an effective resale registration statement for shares to be sold.
- Veea also entered a Registration Rights Agreement to file a registration statement within 30 days covering shares issued to White Lion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840317/000121390024106171/0001213900-24-106171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840317/000121390024106171/ea0223825-8k_veeainc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-106171

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