Current Report
Filed: 2026-01-20
Key Insights
- Veea Inc. entered into a Note Purchase Agreement with White Lion Capital, LLC to issue up to $2.5 million in convertible notes and common stock warrants. This will provide Veea with additional capital to fund its operations.
- The convertible notes have a 12-month maturity and 5% annual interest rate, with an option for White Lion to convert into common stock at a discounted price. This suggests potential dilution for existing shareholders.
- Veea also amended its existing equity line of credit (ELOC) agreement with White Lion, extending the commitment period from December 2026 to June 2027. This expands Veea's access to capital through the ELOC.