Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 169

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 169
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 July 14, 2025, NLabs made loans to the Company in the aggregate
principal amount of approximately $3,176,000 in connection with the 2025 Related Party Notes. Interest on the 2025 Related Party
Notes accrue at a rate of 10% per annum, calculated on the basis of a 365-day year. Principal and accrued interest is payable on
demand. The Company is satisfying its obligation to repay the outstanding notes, plus accrued interest, in the aggregate amount of approximately
$3,239,096, as of the date of this prospectus, with the issuance of 3,239,096 shares of common stock with accompanying common warrants
in this offering.

Equity Line of Credit

On December 2, 2024, the
Company entered into the ELOC Purchase Agreement and the White Lion Registration Rights Agreement with White Lion. Pursuant to the ELOC
Purchase Agreement, the Company has the right, but not the obligation, to direct White Lion to purchase up to 25,000,000 shares of common
stock, subject to certain limitations and conditions as described below at a purchase price equal to (i) 96.5% of the volume weighted
average stock price for the three consecutive business days after a purchase notice is given, (ii) 98% of the volume weighted average
stock price on the day a notice is delivered, or (iii) the lowest traded price for a given purchase date.

The Company controls the timing
and amount of any sales to White Lion, which depends on a variety of factors including, among other things, market conditions, the trading
price of the Company’s common stock, and determinations by the Company as to appropriate sources of funding for its business and
operations. However, White Lion’s obligation to purchase shares is subject to certain conditions, including the daily trading volume
of the Company’s stock. In all instances, the Company may not sell shares of its common stock under the ELOC Purchase Agreement
if it would result in White Lion and its affiliate beneficially owning more than 4.99% of its outstanding voting power or shares of common
stock at any one point in time, or the aggregate number of shares of common stock would not exceed 19.99% of the voting power of the issued
and outstanding common.

As of July 17, 2025, the Company had sold a
total of 358,000 shares of common stock under the ELOC Program.

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