Company: VEEAW
Filing Date: 2025-08-06
Form Type: S-1/A
Source: 0001213900-25-072342
Chunk: 118

Company: VEEA INC.
Filing Date: 2025-08-06
Form: S-1/A
Chunk 118
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 July 1, 2025. Appointment of Acting Chief Revenue Officer On July 15, 2025, Mr. Helder Antunes a current member of the Company’s Board of Directors was appointed acting Chief Revenue Officer. Mr. Helder is not entitled to any additional compensation for acting in such capacity. Mr. Antunes has served on the Company’s Board of Directors since September 2024. Most recently, Mr. Antunes served as Chief Executive Officer of Crowdkeep, Inc. Related Party Notes Through July 2025, NLabs has made loans to the Company in the aggregate principal amount of $3,026,000 (the “ 2025 Related Party Notes”). Interest on the loans accrue at a rate of 10% per annum, calculated on the basis of a 365-day year. The Company is expected to propose satisfying the payment of the outstanding notes, plus accrued interest, in the aggregate amount of approximately $3,058,861, as of the date of this prospectus, with the issuance of 2,109,560 shares of common stock with accompanying common warrants in this offering, based on the assumed offering price of $1.45 per share. Equity Line of Credit On December 2, 2024, the Company entered into a common stock purchase agreement (the “ White Lion Purchase Agreement”) and related registration rights agreement (the “ White Lion Registration Rights Agreement”) with White Lion Capital, LLC (“ 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 $25.0 million in aggregate gross purchase price of newly issued shares of common stock, subject to certain limitations and conditions as described below (the “ ELOC Program”), 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 common stock.