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

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filed_at: 2026-05-22T20:05:34+00:00
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accession 0001213900-26-060560

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