Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Other Events
Item 1.01 Entry into a Material Definitive Agreement. On July 30, 2026 and July 31, 2026, NLabs Inc, a Delaware corporation (“ NLabs ”) made unsecured loans to the Company. NLabs is a principal stockholder of the Company and an affiliate of the Company’s Chief Executive Officer.…
Filed Aug 18, 2026Accepted Aug 18, 2026, 4:00 PM EDTCIK 1840317Accession 0001213900-26-091206
We are dedicated to simplifying the journey towards creating a world in which virtually everyone and everything is intelligently connected, while bringing applications and artificial intelligence (“AI”) to the edge of the network. Most service providers, equipment suppliers, system integrators and even hyperscalers have adopted or advocated for similar solutions to various degrees either independently or in collaboration with the Company. However, to our knowledge, we are the first to market with patented technologies that a) bring virtualized data center capabilities to the far edge of the network, commonly referred to as the Device Edge, where all wired and wireless devices connect to the network (the “Edge”), b) spawns hyperconvergence of computing, multiaccess communications and storage, (“Edge Computing”) c) provides for Cloud-managed applications at the Edge (“Hybrid Edge-Cloud Computing”), and d) enables machine learning with AI training, inferencing, and Agentic AI at the Edge (“Edge AI”) including AI-driven cybersecurity for heterogenous networks. Such networks have given rise through any combination of our developed devices and third-party devices, with CPUs, GPUs, TPUs, DPUs and/or NPUs, that run on the VeeaONE platform’s software stack (“VeeaWare”). Our end-to-end edge-cloud platform is referred to as VeeaONETM (“VeeaONE”) platform.
Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement.
On
July 30, 2026 and July 31, 2026, NLabs Inc, a Delaware corporation (“ NLabs ”) made unsecured loans to the Company.
NLabs is a principal stockholder of the Company and an affiliate of the Company’s Chief Executive Officer. The loans were in the
principal amount of $500,000 and $100,000, respectively, and evidenced by two Demand Promissory Notes (the “ Notes ”).
Interest on each of the Notes accrues and is payable at maturity at an annual rate equal to 10%, with interest calculated on the basis
of a 365-day year and the actual days elapsed. The Notes and accrued interest thereon are payable upon the earlier of December 31, 2026
and demand by NLabs. The Company may prepay the Notes, in whole or in part, without penalty at any time. The proceeds of the Notes are
for working capital purposes.
The
foregoing description of the Notes does not purport to be complete and is qualified in its entirety by reference to the Notes, copies
of which are attached as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K and are each incorporated herein
by reference.
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
Item
2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The
information set forth above under Item 1.01 of this Current Report on Form 8-K with respect to the issuance of the Notes to NLabs
is hereby incorporated by reference into this Item 2.03.
Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
Departure
of Randal Stephenson as the Company’s Chief Financial Officer
On
July 30, 2026, the Board of Directors (the “ Board ”) of the Company approved the termination of Randal Stephenson’s
positions as Chief Financial Officer and Senior Vice President of the Company and the termination of his employment, without cause, effective
as of July 31, 2026 (the “ Departure ”).
Appointment
of Greg Deisher as the Company’s Acting Chief Financial Officer
On
July 30, 2026, the Board approved the appointment of Greg Deisher, currently the Chief Operating Officer and Executive Vice President
of the Company, to replace Mr. Stephenson as the Company’s Chief Financial Officer, effective as of July 31, 2026, and Mr. Deisher
has served as the Acting Chief Financial Officer of the Company since that date. Mr. Deisher will also continue to serve as Chief Operating
Officer and an Executive Vice President of the Company.
Mr.
Deisher has served in senior financial and operational leadership roles for over 20 years including multiple professional experiences
in Russia, China and South East Asia. From 2024 to 2026, Mr. Deisher served as the CFO of Wallarm Inc, a cybersecurity company specializing
in API (Application Programming Interfaces) Security. From 2019 to 2024, Mr. Deisher served as the CFO of Vapor IO, Inc., an ultra low
latency edge datacenter company. From 1990 to 1997, Mr. Deisher worked at PricewaterhouseCoopers (“ PwC ”), and during
his tenure at PwC, he worked as a Senior Auditor at the PwC’s Dallas office, where he served oil & gas and banking clients,
and he worked as a Senior Manager, Tax & Legal of the Almaty, Kazakhstan office, where he served clients consisted of international
telecom, oil & gas (including ExxonMobil, Chevron & Shell) and FMCGs (Unilever, P&G plus both Coca-Cola and Pepsi). Mr. Deisher
obtained his bachelor’s degree from Texas Tech University and completed graduate studies in Chinese language and China studies
at University of Texas, Austin. Mr. Deisher is a certified public accountant (CPA).
Mr.
Deisher has no family relationships with any of the Company’s directors or executive officers, and he is not a party to, and does
not have any direct or indirect material interest in, any transaction requiring disclosure under Item 404(a) of Regulation S-K. There
are no arrangements or understandings between Mr. Deisher and any other persons pursuant to which he was selected as an executive officer.
Item 8.01Item 8.01 - Other Events
Item
8.01. Other Events
On
August 11, 2026, the Company and Mr. Stephenson entered a separation agreement (the “ Separation Agreement ”), pursuant
to which Mr. Stephenson is entitled to (i) a severance payment equal to three months gross salary in semi-monthly installments over a
period of six months, (ii) retain all vested stock options that were previously granted to Mr. Stephenson by the Company, and (iii) other customary payments such as accrued, unpaid salary and reimbursement for work related expenses.
The
foregoing description of the material terms of the Separation Agreement is qualified in its entirety by reference to the full text of
the Agreement, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit Description
No.
─────────────────────────────────────────────────────────────────────────────────────────────────────
10.1* Demand Promissory Note – July 30, 2026 ($500,000)
10.2* Demand Promissory Note – July 31, 2026 ($100,000)
10.3 Separation Agreement, dated August 11, 2026, between Veea Inc. and Randal Stephenson
104* Cover
Page Interactive Data File (embedded within the Inline XBRL document).
Filed
previously.