Veea settles note purchase obligation with Harmonic; receives $5.36M payment

VEEA INC.

Harmonic's obligation to purchase a $13.55M convertible note terminated.
Harmonic paid Veea $5,364,159 as consideration for termination and mutual release.
All claims related to the $13.55M Commitment Amount are mutually released.
Original funding deadline of Dec 15, 2024 was not met by Harmonic.

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