Veea Inc. entered into unsecured demand promissory notes with principal stockholder NLabs, an affiliate of the CEO, totaling $600,000 ($500,000 on July 30 and $100,000 on July 31). The loans accrue interest at 10% annually and are payable upon demand or by December 31, 2026. Concurrently, the Board terminated CFO Randal Stephenson without cause effective July 31, 2026, while he negotiates a severance agreement. Greg Deisher, currently COO and EVP, was appointed Acting CFO effective July 31, 2026, retaining his existing roles. Veea Inc. operates in the digital advertising technology industry, providing identity solutions for programmatic media.