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Veea ( (VEEA) ) just unveiled an update.
On January 5, 2026, Veea Inc. obtained an unsecured $14.1 million demand loan from principal stockholder NLabs Inc., an affiliate of the company’s CEO, under a promissory note bearing 10% annual interest, payable on demand or by March 31, 2026, with prepayment allowed without penalty. On the same date, Veea used the loan proceeds to repay in full and terminate its existing JP Morgan Chase line of credit totaling $14,076,218 in principal and interest, effectively replacing bank financing with insider funding and altering its capital structure and creditor profile for the near term.
More about Veea
Veea Inc. is a Delaware-incorporated company operating with principal stockholder support from NLabs Inc., an affiliate of Veea’s Chief Executive Officer, and maintains banking relationships with major financial institutions such as JP Morgan Chase Bank.
Average Trading Volume: 267,513
Technical Sentiment Signal: Sell
Current Market Cap: $31.56M
See more data about VEEA stock on TipRanks’ Stock Analysis page.