VEEA raises $500K in third convertible note tranche, draws $2.5M on term loan facility

Filed May 22, 2026 · Period ending May 18, 2026 · ~1 min read

Key Changes

• high

  Completed third $500K tranche with White Lion Capital, issuing $555,556 convertible note and warrant for 888,509 shares at $0.563 strike price. Total potential warrant dilution across all three tranches now 2.6M shares.

  Item 1.01 view on EDGAR →
• high

  Subsidiary VeeaSystems drew additional $2.5M on secured term loan with Pasadena Private Lending, bringing total borrowings to $8M of $10.55M facility. Loan bears prime plus 4.5% interest with principal payments starting March 2027.

  Item 1.01 view on EDGAR →
• medium

  White Lion financing now 59% complete with $1.475M raised of $2.5M total facility across three closings. Company has issued notes totaling $1.67M face value after discounts and expenses.

  Item 1.01 view on EDGAR →