Recent Updates — VEEA
On October 8, 2026, Helder Antunes tendered his resignation as a director of Veea Inc., effective immediately. Mr. Antunes will continue serving as Executive Vice President and Chief Revenue Officer. The board stated the resignation was not due to disagreements regarding operations or policies. Additionally, Alan Black was appointed to the Compensation Committee, and the Board reduced its size from six to five members following the departure. Veea Inc. operates in the technology sector, providing IoT connectivity solutions.
Effective October 6, 2026, Kanishka Roy was appointed to serve on the Audit Committee of the board of directors. This is a routine committee assignment and does not involve a change in executive leadership or director status. Veea Inc. operates in the technology sector, providing IoT connectivity solutions.
Veea Inc. announced a one-for-twenty (1:20) reverse stock split of its common stock, effective August 28, 2026, with trading resuming on a split-adjusted basis on August 31, 2026. Concurrently, the company entered into unsecured loan agreements with principal stockholder NLabs Inc., receiving $450,000 and $250,000 in demand promissory notes bearing 10% annual interest, payable upon maturity on December 31, 2026 or earlier demand. The reverse split proportionally adjusts outstanding warrants, options, and convertible securities; public warrant exercise prices increase to $230.00 per share, requiring holders of at least 20 warrants to purchase one whole share. Fractional shares are rounded up to the nearest whole share. Veea Inc. operates in the technology industry as an AI-driven edge infrastructure company providing hyperconverged network solutions.
Veea Inc. entered into an At Market Issuance Sales Agreement with Roth Capital Partners, LLC on August 13, 2026, establishing a facility to sell up to $4,353,000 of its common stock. The company filed a prospectus supplement under its existing Form S-3 registration statement to facilitate these potential equity issuances. Under the agreement, Roth Capital Partners acts as agent or principal to sell shares at market prices, subject to price limits designated by Veea. The agent receives 3.0% of gross proceeds as compensation. This filing does not guarantee any specific sales volume, and the company retains the right to suspend or terminate the offering. Veea Inc. operates in the digital advertising technology industry, providing audience measurement and data solutions.
Veea Inc. entered into an Amendment, Waiver and Warrant Cancellation Agreement with White Lion Capital LLC on August 10, 2026. The agreement cancelled warrants to purchase 2,612,822 shares issued in prior closings of a $2.5 million Note Purchase Agreement. Concurrently, the parties confirmed the completion of four closings totaling approximately $1.975 million in net cash proceeds and terminated rights for any fifth closing. White Lion waived warrant issuance for the fourth closing and extended the stockholder approval deadline to September 30, 2026. Veea Inc. operates in the technology sector, providing digital advertising infrastructure.
On June 25, 2026, Veea Inc. entered into a Note Conversion Agreement with NLabs Inc., an affiliate of CEO Allen Salmasi, to exchange $4,132,910.49 in principal and accrued interest from Demand Notes into 41,329 shares of Series A-1 Preferred Stock and Common Warrants to purchase up to 13,331,969 shares of Common Stock at an exercise price of $0.31 per share. The Series A-1 Preferred Stock is convertible to Common Stock at a rate of 323 shares of Common Stock per preferred share. Veea Inc. operates in the technology sector, providing edge computing and IoT connectivity solutions.