Company: VEEAW
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001213900-25-074676
Chunk: 247

Company: VEEA INC.
Filing Date: 2025-08-12
Form: S-1/A
Chunk 247
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 $        | - |     | $     | 12,797,316 |

| December                     
 31, 2023                     |     | Principal |            |     | Debt     
 Discount |   |     | Accrued  
 Interest |           |     | Total |            |
|:-----------------------------|:----|:----------|-----------:|:----|:---------|:--|:----|:---------|----------:|:----|:------|-----------:|
| Revolving                    
 Loan Facility                |     | $         |  9,000,000 |     | $        | - |     | $        |         - |     | $     |  9,000,000 |
| Other                        
 related party debt (Note 11) |     |           | 12,598,000 |     |          | - |     |          | 2,272,993 |     |       | 14,870,993 |
| Total                        |     | $         | 21,598,000 |     | $        | - |     | $        | 2,272,993 |     | $     | 23,870,993 |

F-45 Veea Inc. and Subsidiaries Notes to the Consolidated Financial Statements For the Years ended December 31, 2024 and 2023 Revolving Loan Facility In June 2021, the Company entered into a revolving loan agreement (the “2021 Revolving Loan Agreement”)with First Republic Bank , which was subsequently acquired by JPMorgan Chase, (the “Bank”) providing up to $ 14,000,000of advances (collectively, the “Loan”). The Loan accrues interest at a variable rate based on an index rate established by reference to the average 12-month trailing one-year US treasuries plus a spread of 1.80% per annum and a minimum floor rate of 1.5% per annum. Interest is payable monthly in cash. The Company was not required to provide collateral for the advances or comply with any covenants. The advances were secured by a lien on certain personal assets of the CEO. In consideration for the security provided by the CEO, the Company issued common stock warrants (the “Related Party Common Stock Warrants”) to NLabs a significant shareholder of the Company (“NLabs”) in consideration for the CEO’s guaranteeing the advances. See Note 12 – Related Party Transactions, Common Stock Warrants. In December 202