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Veea takes three $500K loans and one $150K loan

The notes carry 10% annual interest and are due upon demand or December 31, 2026, whichever comes first.

(Moderate)

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Form Type
8-K

Rhea-AI Filing Summary

Veea Inc. received four unsecured loans from NLabs Inc., a principal stockholder and an affiliate of Veea’s Chief Executive Officer, on September 29, 2026: three notes with principal of $500,000 each and one note with principal of $150,000. The notes accrue interest at an annual rate of 10%, calculated using a 365-day year and actual days elapsed. Principal and accrued interest are payable upon the earlier of December 31, 2026, or demand by NLabs. Veea may prepay the notes in whole or in part without penalty at any time, and the proceeds are for working capital.

Filing Explained

The latest supplied cash balance was $1,941,966 on June 30, 2026, before the September 29, 2026 loans; at the second-quarter operating cash outflow rate, that balance equals 29.8 days of reported operating cash use, so this is historical context rather than a post-loan cash estimate.

Sources and calculations
  • Available liquidity against the last reported quarterly operating outflow, in days at that rate $1,941,966 / ($5,931,579 / 91) = 29.8 days
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Principal per each of three notes $500,000 each Loans made September 29, 2026
Principal of one note $150,000 Loan made September 29, 2026
Annual interest rate 10% Applies to the notes
Interest calculation basis 365-day year Interest is calculated using actual days elapsed
Stated payment date December 31, 2026 Principal and accrued interest are payable by this date or earlier upon NLabs’ demand
Demand Promissory Notes financial
"evidenced by the Demand Promissory Notes"
unsecured loans financial
"NLabs made unsecured loans to Veea Inc."
Unsecured loans are borrowings made without specific collateral, so the lender relies on the borrower’s credit history and promise to repay rather than a pledged asset. For investors, they signal higher risk and usually higher interest costs for the borrower, affecting a company’s credit profile, cash flow and vulnerability in a downturn — like lending money based on a handshake instead of holding the borrower’s car as security.
actual days elapsed financial
"calculated on the basis of a 365-day year and the actual days elapsed"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did VEEA borrow from NLabs?

NLabs made four unsecured loans to Veea: three with principal of $500,000 each and one with principal of $150,000. The notes are Demand Promissory Notes, and their proceeds are for working capital.

What are the interest and repayment terms for VEEA’s NLabs notes?

Interest accrues at an annual rate of 10%, calculated on a 365-day year using actual days elapsed. Principal and accrued interest are payable upon the earlier of December 31, 2026, or demand by NLabs.

Can VEEA repay NLabs’ notes early?

Veea may prepay the notes, in whole or in part without penalty at any time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 2, 2026 (September 29, 2026)

 

Veea Inc.
(Exact name of registrant as specified in its charter)

 

Delaware   001-40218   98-1577353

(State or other Jurisdiction

of Incorporation)

  (Commission  File Number)   (IRS Employer
Identification No.)

 

164 E. 83rd Street

New York, NY 10028

(212) 535-6050

(Address and telephone number, including area code, of registrant’s principal executive offices)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common stock, par value $0.0001 per share   VEEA   The Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share   VEEAW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

Unsecured Loans

 

On September 29, 2026, NLabs Inc, a Delaware corporation (“NLabs”) made unsecured loans 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 loans were in the principal amount of $500,000, $500,000, $500,000 and $150,000 and evidenced by the Demand Promissory Notes (the “Notes”). Interests on the Notes accrue and are 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 Notes and accrued interests thereon are payable upon the earlier of December 31, 2026 and demand by NLabs. The Company may prepay the Notes, in whole or in part, without penalty at any time. The proceeds of the Notes are for working capital purposes.

 

The foregoing description of the Notes does not purport to be complete and is qualified in its entirety by reference to a form of note, a copy of which is attached as Exhibit 4.1 to this Current Report on Form 8-K and are incorporated herein by reference. 

 

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The information set forth above under Item 1.01 of this Current Report on Form 8-K with respect to the issuance of the Notes to NLabs is hereby incorporated by reference into this Item 2.03.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
4.1   Form of Demand Promissory Note
104   Cover Page Interactive Data File (embedded within Inline XBRL document).

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Veea Inc.
                                         
Date: October 2, 2026 By: /s/ Greg Deisher
  Name: Greg Deisher
  Title: Acting Chief Financial Officer and
Chief Operating Officer

 

2

Filing Exhibits & Attachments

5 documents

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