VEEA INC. (VEEA): debt financing — Veea draws additional $2.5M secured loan, issues $555,556 convertible note to White Lion

VEEA INC.

On May 18, 2026, Veea issued a $555,556 face convertible note and warrant for 888,509 shares at $0.563 exercise price to White Lion, netting $500k.
On May 19, 2026, VeeaSystems drew $2.5M under secured term loan from Pasadena Private Lending, bringing total drawn to $8M of $10.55M facility.
Combined net proceeds from three White Lion closings total ~$1.475M; third closing follows prior closings in Jan and Apr 2026.
Secured term loan interest at prime +4.5% (floor 5.75%); monthly interest, principal installments begin Mar 2027, maturity Feb 2031.

item 2.03 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

VEEA INC. incurred convertible notes of $555,556 with White Lion Capital, LLC at not disclosed maturing not disclosed.

Instrument: convertible notes
Principal: $555,556
Counterparty: White Lion Capital, LLC
Rate: not disclosed
Maturity: not disclosed
Event: incurrence

Exact text from the filing

On May 18, 2026, the Company and White Lion consummated the third closing pursuant to the Note Purchase Agreement (the “ White Lion Private Placement Third Closing ”). In connection with the White Lion Private Placement Third Closing, the Company issued, and White Lion purchased, an additional White Lion Note with a face amount of $555,556 (the “ Third White Lion Note ”) and an additional White Lion Warrant to purchase up to 888,509 shares of common stock, which equals the product of $500,000 divided by $0.563, the closing price of the common stock on May 15, 2026 (the “ Third White Lion Warrant ”).

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26 debt financings filed in the last 30 days. Browse all debt financings →

VEEA INC. filing history →

Source: SEC EDGAR

accession 0001213900-26-060560

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