Veea Inc. has secured unsecured loans from NLabs Inc., a principal stockholder and affiliate of the company's Chief Executive Officer. The loans were executed on September 29, 2026, and are documented in a Form 8-K filed with the U.S. Securities and Exchange Commission on October 2, 2026.
The funding consists of four separate demand promissory notes with principal amounts of $500,000, $500,000, $500,000, and $150,000. These notes carry an annual interest rate of 10%, calculated on a 365-day year basis using the actual days elapsed. Interest accrues on the notes and is payable at maturity.
The notes are payable upon the earlier of December 31, 2026, or a demand by NLabs Inc. Veea Inc. retains the right to prepay the notes in whole or in part at any time without penalty. The company stated that the proceeds from these loans are designated for working capital purposes.
Veea Inc., incorporated in Delaware, is headquartered at 164 E. 83rd Street in New York, NY. The company is identified as an emerging growth company under the Securities Act of 1933. Its common stock, with a par value of $0.0001 per share, trades on The Nasdaq Stock Market LLC under the ticker symbol VEEA. Additionally, warrants are listed on the same exchange under the ticker symbol VEEAW; each whole warrant is exercisable for one share of common stock at an exercise price of $11.50 per share.
The Form 8-K was signed by Greg Deisher, who serves as Acting Chief Financial Officer and Chief Operating Officer for Veea Inc. The filing includes a form of demand promissory note as Exhibit 4.1, which qualifies the description of the notes provided in the report.