Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 161

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 161
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ation
of a debt or equity financing transaction with an unrelated third party.

In 2022 and 2023, NLabs made
loans to the Company evidenced by promissory notes in the aggregate principal amount of $3,098,000 (the “Promissory Notes”
and collectively with the Bridge Notes, the “Related Party Notes”). The Promissory Notes bore interest on the
outstanding principal amount at a rate of 10% per annum, calculated on the basis of a 365-day year. The unpaid principal amount and accrued
interest on the Promissory Notes was due and payable upon the earlier of demand and December 31, 2023, which was subsequently extended
to September 30, 2024.

Concurrent with the closing
of the Business Combination, the Related Party Notes were converted into shares of common stock at a price of $5.00 per share, which shares
were not considered shares of Private Veea and were in addition to the shares of common stock issued to holders of shares of Private Veea.
Thus, there was no interest expense recorded for the three months ended March 31, 2025, for the Related Party Notes.

Through July 14, 2025, NLabs made loans to the Company in the aggregate
principal amount of $3,176,000 pursuant to certain promissory 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.

Private Veea Common Stock Warrants

In consideration for the
guarantee by the Company’s CEO (then CEO of Private Veea) of Private Veea’s obligations under the certain revolving loan
agreement and a previously outstanding loan agreement with First Republic Bank, which was subsequently acquired by JPMorgan Chase, Private
Veea issued warrants to purchase an aggregate of 2,430,000 shares of Private Veea’s common stock (the “Loan Guarantee Warrants”). The exercise price of the warrants is $0.01 per share. The warrants are exercisable for a period of seven years.
The warrants were