secwatch.observer — SEC 8-K summary
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Issuer:     VEEA INC. (VEEA)
CIK:        0001840317
Form:       8-K
Filed at:   2026-05-22T20:05:34+00:00
Accession:  0001213900-26-060560
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 2.03, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Veea draws additional $2.5M secured loan, issues $555,556 convertible note to White Lion
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840317/000121390026060560/0001213900-26-060560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840317/000121390026060560/ea0292026-8k_veea.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-060560

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