VEEA INC. (VEEA) Form 8-K — Jun 11, 2026
Veea Inc. entered into agreements on June 8, 2026, to convert $750,000 of matured convertible notes into 1,891,388 shares of common stock at a price of $0.4401 per share. This transaction resolves the company's obligation on notes that matured on March 13, 2026, avoiding a cash default but resulting in equity dilution. Additionally, the company issued 1,765,296 shares to four other investors to settle disputes regarding the late delivery of shares from a prior automatic conversion event.
Key figures
- Debt Amount
- 750000
- Offering Price
- 0.4401
- Conversion Date
- 2026-06-08
- Conversion Shares
- 1891388
- Note Maturity Date
- 2026-03-13
- Share Issuance Shares
- 1765296
Price after filing
Close on the filing date to close N calendar days later (from $0.43). Historical, not a forecast.
AI analysis
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