Veea takes $1.65 million unsecured loan from NLabs at 10% interest
VEEA•Veea entered into unsecured demand notes totaling $1.65 million with principal shareholder NLabs, carrying 10% annual interest and maturing by Dec. 31, 2026, or earlier upon demand.
1. Loan terms
Veea entered into unsecured demand promissory notes with NLabs on Sept. 29, 2026, totaling $1.65 million. The notes accrue interest at 10% annually, payable at maturity, and are due by Dec. 31, 2026, or earlier upon demand by NLabs. Proceeds are earmarked for working capital, and Veea may prepay without penalty.
2. NLabs relationship
NLabs is a principal shareholder affiliated with Veea’s CEO.
