Veea Inc. has entered into a new financing agreement with NLabs Inc., a principal stockholder and affiliate of the company's CEO. On January 5, 2026, NLabs provided Veea Inc. with an unsecured loan in the principal amount of $14.1 million, evidenced by a Demand Promissory Note. The loan carries an annual interest rate of 10%, payable at maturity, and is due on the earlier of March 31, 2026, or upon demand by NLabs. Veea Inc. used the proceeds from this loan to fully repay its previous line of credit with JP Morgan Chase Bank, totaling $14,076,218, after which the line of credit and all related commitments were terminated. The company may prepay the loan from NLabs without penalty at any time.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Veea Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-002557), on January 08, 2026, and is solely responsible for the information contained therein.
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