VEEA INC. incurred convertible notes of $555,556 with White Lion Capital, LLC at not disclosed maturing not disclosed.
“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 ”).”
Governance Changes
VEEA INC.: Filed Certificate of Designation of Series A Convertible Preferred Stock to designate new series of preferred stock in connection with note conversions (effective 2026-03-30).
“the Company filed a Certificate of Designation of Series A Convertible Preferred Stock (the “ Certificate of Designation ”) with the Secretary of State of the State of Delaware to designate Series A Convertible Preferred Stock.”
Material Agreements
VEEA INC. entered into Conversion Agreement with VeeaSystems Inc., NLabs Inc., and 83rd Street LLC valued at Unpaid rent and charges totaling $4,323,600 converted into 43,236 shares of Series A preferred stock (effective 2026-03-30).
“On March 30, 2026, the Company , entered into a Conversion Agreement (the “ Conversion Agreement ”) with VeeaSystems Inc., a Delaware corporation (“ VeeaSystems ”), NLabs, and (iii) 83 rd Street LLC , a Delaware limited liability company (“ 83 rd Street ”), pursuant to which (i) NLabs agreed that base rent and common area maintenance charges under that certain Sublease Agreement, dated as of March 1, 2014, covering a portion of the premises located at 164 E 83rd Street (as amended through the date hereof, the “ Sublease ”) in the aggregate amount of $2,000,000 (the “ 164 Rent ”) that remained unpaid to NLabs as of the date thereof and (ii) 83 rd Street that base rent under that certain Lease Agreement, dated as of April 1, 2017, covering the entirety of the premises located at 166 E 83rd Street (as amended through the date hereof, the “ Lease ”) in the aggregate amount of $2,323,600 (the “ 166 Rent ”) that remained unpaid to 83rd Street as of the date thereof, in each case, shall conve”
Material Agreements
VEEA INC. entered into Note Conversion Agreement with NLabs Inc. valued at Principal and accrued interest of $16,876,400 converted into 168,764 shares of Series A preferred st (effective 2026-03-30).
“On March 30, 2026, Veea Inc., a Delaware corporation (the “ Company ”), entered into a Note Conversion Agreement (the “ Note Conversion Agreement ”) with NLabs Inc. (“ NLabs ”), a Delaware corporation and an affiliate of Allen Salmasi, the Chief Executive Officer and Chairman of the board of directors of the Company, pursuant to which NLabs agreed that the principal and accrued interest under certain promissory notes evidencing loans made by NLabs to the Company (the “ Demand Notes ”) shall convert into shares of Series A preferred stock, par value $0.0001 per share, of the Company (the “ Preferred Stock ”) at a per share value of $100.00 (the “ Per Share Price ”) as soon as practicable thereafter but no later than one business day following the execution of the Note Conversion Agreement.”
Debt Financings
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.
“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.”
Material Agreements
VEEA INC. entered into Loan Agreement with Pasadena Private Lending, Inc. valued at $10,550,000 (effective 2026-02-17).
“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.”
Material Agreements
VEEA INC. amended ELOC Amendment with White Lion Capital, LLC (effective 2026-01-14).
“On January 14, 2026, the Company and White Lion entered into an amendment (the “ ELOC Amendment ”) to the Common Stock Purchase Agreement dated December 2, 2024 (as amended, the “ ELOC Purchase Agreement ”).”
Material Agreements
VEEA INC. entered into Note Purchase Agreement with White Lion Capital, LLC valued at up to $2,500,000 (effective 2026-01-14).
“On January 14, 2026, Veea Inc., a Delaware corporation (the “ Company ” and White Lion Capital, LLC, a Nevada limited liability company (“ White Lion ”) entered into a Note Purchase Agreement (the “ Note Purchase Agreement ”).”
Debt Financings
VEEA INC. incurred convertible notes of up to $2,500,000 aggregate funded amount; initial issuance of $555,556 face amount Convertible Note with White Lion Capital, LLC at 5% per annum maturing 12 months from issuance (matures January 14, 2027).
“On January 14, 2026, Veea Inc., a Delaware corporation (the “ Company ” and White Lion Capital, LLC, a Nevada limited liability company (“ White Lion ”) entered into a Note Purchase Agreement (the “ Note Purchase Agreement ”). Pursuant to the Note Purchase Agreement, the Company agreed to issue, and White Lion agreed to purchase, at one or more closings, on the terms and conditions contained in the Note Purchase Agreement, unsecured promissory notes in the aggregate funded amount of up to $2,500,000 (the “ Convertible Notes ”) and common stock warrants (the “ Warrants ” and collectively with the Convertible Notes, the “ Securities ”) to purchase shares of the Company’s common stock, par value $0.0001 per share (“ Common Stock ”). The first closing occurred on January 14, 2026 (the “ First Closing ”) at which the Company issued, and White Lion purchased, a Convertible Note with a face amount of $555,556 and Warrant to purchase 990,099 shares of Common Stock (the “ Warrant Shares ”) with”
Material Agreements
VEEA INC. terminated Line of Credit with JP Morgan Chase valued at $14,076,218 (effective 2026-01-05).
“On January 5, 2026, Veea Inc., a Delaware corporation (the “Company”), repaid in full its line of credit (the “Line of Credit”) with JP Morgan Chase (the “Bank”) by making a cash payment to the Bank of $14,076,218, representing the total outstanding principal and interest due as of January 5, 2026. In connection with the repayment, the Line of Credit and all commitments thereunder were terminated.”
Material Agreements
VEEA INC. entered into Demand Promissory Note with NLabs Inc valued at $14,100,000 (effective 2026-01-05).
“On January 5, 2026, NLabs Inc, a Delaware corporation (“NLabs”) made an unsecured loan to Veea Inc., a Delaware corporation (the “Company”). NLabs is a principal stockholder of the Company and an affiliate of the Company’s Chief Executive Officer. The loan was in the principal amount of $14,100,000 and evidenced by a Demand Promissory Note (the “Note”). Interest on the Note accrues and is payable at maturity at an annual rate equal to 10%, with interest calculated on the basis of a 365-day year and the actual days elapsed. The Note and accrued interest thereon is payable upon the earlier of March 31, 2026 and demand by NLabs. The Company may prepay the Note, in whole or in part, without penalty at any time.”
Listing & Compliance Notices
VEEA INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(H)).
“September 29, 2025, Veea Inc., a Delaware corporation (the “ Company ”), received a notice from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”), notifying the Company that, because the closing bid price for its common stock has fallen below $1.00 per share for 30 consecutive business days, the Company no longer complies with the minimum bid price requirement for continued listing on the Nasdaq Global Market under Nasdaq Lising Rule 5550(a)(2) (the “ Minimum Bid Price Requirement ”). The notice has no immediate effect on the listing of the Compa”
Jeffrey Friedman resigned as Chief Financial Officer at VEEA INC..
“Effective September 13, 2024, Jeffrey Friedman resigned as Senior Vice President and Chief Financial Officer of the Company.”
Helder Antunes was elected as director at VEEA INC..
“On September 11, 2024, the Board of Directors of the Company elected Helder Antunes to fill the previously disclosed vacancy on the Company’s board of directors to take effect upon the consummation of the Business Combination.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.