Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
VEEA INC. incurred term loan of up to $10,550,000 with Pasadena Private Lending, Inc. at prime rate (subject to a floor of 5.75%) plus an applicable margin of 4.50% maturing fifth anniversary of the Closing Date.
- Instrument
- term loan
- Principal
- up to $10,550,000
- Counterparty
- Pasadena Private Lending, Inc.
- Rate
- prime rate (subject to a floor of 5.75%) plus an applicable margin of 4.50%
- Maturity
- fifth anniversary of the Closing Date
- Event
- incurrence
Exact text from the filing
On February 17, 2026, VeeaSystems Inc., a Delaware Corporation (the “ Borrower ”) and a wholly owned subsidiary of Veea Inc. (the “ Company ”), entered into a Loan Agreement (the “ Loan Agreement ”) with Pasadena Private Lending, Inc. (the “ Lender ”), pursuant to which the Lender has agreed to extend, on the terms provided in the Loan Agreement, a secured term loan facility to the Borrower in an aggregate principal amount of up to $10,550,000.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
VEEA INC. entered into Loan Agreement with Pasadena Private Lending, Inc. valued at $10,550,000 (effective 2026-02-17).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Pasadena Private Lending, Inc.
- Value
- $10,550,000
- Effective
- 2026-02-17
Exact text from the filing
On February 17, 2026, VeeaSystems Inc., a Delaware Corporation (the “ Borrower ”) and a wholly owned subsidiary of Veea Inc. (the “ Company ”), entered into a Loan Agreement (the “ Loan Agreement ”) with Pasadena Private Lending, Inc. (the “ Lender ”), pursuant to which the Lender has agreed to extend, on the terms provided in the Loan Agreement, a secured term loan facility to the Borrower in an aggregate principal amount of up to $10,550,000.
View on SEC.gov