secwatch.observer — SEC 8-K summary
======================================

Issuer:     VEEA INC. (VEEA)
CIK:        0001840317
Form:       8-K
Filed at:   2026-02-23T23:59:59+00:00
Accession:  0001213900-26-019351
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veea subsidiary secures $5.5M secured term loan with $5M accordion facility
---------------------------------------------------------------------------

- Initial term loan of $5.5M (up to $10.55M total) at prime+4.5% (floor 5.75%); matures Feb 2031.
- Monthly principal payments of $58k begin Mar 2027; covenants include max leverage 70% and min DSCR 2.00x.
- Guaranteed by parent Veea Inc., CEO Allen Salmasi and spouse; secured by equity pledges and substantially all assets.
- Borrower may request up to $5M in accordion term loans within one year, subject to conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840317/000121390026019351/0001213900-26-019351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840317/000121390026019351/ea0277931-8k_veea.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-019351

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer