secwatch.observer — SEC 8-K summary
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Issuer:     VEEA INC. (VEEA)
CIK:        0001840317
Form:       8-K
Filed at:   2026-01-20T23:59:59+00:00
Accession:  0001213900-26-005692
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veea raises up to $2.5M via convertible notes and warrants from White Lion Capital; first closing $475K net
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- First closing Jan 14: $555,556 face amount convertible note and warrant to purchase 990,099 shares at $0.505/share.
- Net proceeds from first closing were $475,000 after original issue discount and transaction expenses.
- Notes bear 5% annual interest, mature in 12 months; conversion price is lower of $0.75 or 90% of 10-day VWAP.
- Total commitment up to $2.5M across multiple closings; warrants exercisable for 5 years, company can force exercise if stock > $3.00 for 30 days.
- Amended existing ELOC: commitment period extended to June 30, 2027; additional share issuances tied to sales milestones.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840317/000121390026005692/0001213900-26-005692-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840317/000121390026005692/ea0273267-8k_veea.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-005692

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