Veea Inc. has entered into an agreement with White Lion Capital LLC to amend its existing Note Purchase Agreement and other related financing arrangements. The agreement cancels outstanding warrants, waives the issuance of new warrants, and terminates a future financing option, while also confirming the closing of a recent financing tranche.
Key Details
- Warrant Cancellation: Warrants to purchase an aggregate of 2,612,822 shares of common stock, previously issued to White Lion Capital, were cancelled effective August 10, 2026.
- Financing Update: The company received $500,000 in cash proceeds from the fourth closing of its Note Purchase Agreement on July 10, 2026, issuing a convertible note with a face value of $555,556. White Lion waived its right to receive warrants for this closing.
- Agreement Modifications: The agreement terminates the right for a fifth financing closing under the Note Purchase Agreement and extends the deadline for required stockholder approval to September 30, 2026.