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Veea enters USD 600,000 demand loan deal with NLabs at 10% interest - VEEA News | Rallies

Veea enters USD 600,000 demand loan deal with NLabs at 10% interest

VEEA•2026-08-05

Relationship to the lender

NLabs is a principal shareholder, affiliated with Veea’s chief executive.

Maturity and prepayment terms

The notes mature on the earlier of Dec. 31, 2026 or demand by NLabs; prepayment is allowed without penalty.

Demand loan agreement with NLabs

Veea entered two unsecured demand loans with NLabs on July 30-31, 2026, totaling USD 600,000 for working capital.

Demand Promissory Notes carry 10% annual interest, payable at maturity.

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