VEEA INC.

Veea Solutions Inc., a subsidiary of Veea Inc., and the Kayan Project announced that the $KYN token and associated commodity tokens will list on the Panoptes PBC marketplace on August 3, 2026. The Panoptes PBC marketplace will operate as a U.S.-regulated Alternative Trading System (ATS) for tokenized real-world assets and natural capital, powered by Synova Global. Veea is providing its VeeaONE-based Internet of Sustainable Communities & Ecosystems (ISCE) solution to the Kayan concession, which spans 8.68 million hectares of rainforest, peatland, and mangrove ecosystems in Indonesia, enabling digital Measurement, Reporting and Verification (dMRV) for environmental outcomes.

Veea Inc. entered into a Note Conversion Agreement with NLabs Inc., an affiliate of its CEO and Chairman, to convert $4,132,910.49 in principal and accrued interest from promissory notes into equity. This transaction resulted in the issuance of 41,329 shares of Series A-1 preferred stock and common warrants to purchase up to 13,331,969 shares of common stock. The Series A-1 preferred stock is convertible into common stock, and the issuance was made under a registration exemption.

Veea Inc. has partnered with the Kayan Project to deploy its "AIoT of Forest" solution across 8.68 million hectares of conservation concessions in Indonesia. This technology will provide real-time digital Measurement, Reporting and Verification (dMRV) for the Kayan Project's tokenization initiative, which aims to list its Kayan Token ($KYN) and various commodity tokens (carbon, biodiversity, blue carbon credits) on a new institutional-grade exchange by August 2026. The partnership leverages Veea's edge computing, AI, and communication networks to enhance transparency and integrity of the tokenized natural capital assets.

Veea Inc. announced key executive leadership appointments to accelerate revenue growth and strengthen operational execution. Greg Deisher has been promoted to Executive Vice President and Chief Operating Officer, and Mark Tubinis to Executive Vice President and Chief Commercial Officer. Thomas Latiolais has been appointed Chief Marketing Officer. These changes are intended to support the company's expansion into new enterprise and industrial markets with its AI-native infrastructure platform.

Veea Inc. has entered into agreements to convert outstanding unsecured convertible notes and issue new shares of common stock to existing investors. Approximately $750,000 in principal and accrued interest was converted into 1,891,388 shares. Additionally, 1,765,296 shares were issued to four investors as consideration for releasing the company from liability concerning prior late share deliveries. Both sets of agreements include registration rights for the investors and mutual general releases.

Veea Inc. announced the appointment of Greg Deisher as Chief Operating Officer and Executive Vice President, effective June 1, 2026, filling a vacancy. Mr. Deisher, previously a Senior Vice President, received an option grant for 50,000 shares. Concurrently, Mark Tubinis, the Chief Commercial Officer, was also appointed Executive Vice President, effective the same date, with his annual salary increasing to $240,000 and an option grant for 25,000 shares.

Veea Inc. has notified Nasdaq that it is no longer in compliance with independent director requirements for its Board of Directors, audit committee, and compensation committee following the unexpected passing of a director. Nasdaq has provided a cure period until May 31, 2027, or potentially sooner, for the company to regain compliance. Veea intends to take necessary actions to meet these requirements.

Veea's subsidiary, VeeaSystems Inc., secured an additional $2,500,000 under its term loan facility with Pasadena Private Lending, bringing the total borrowed to $8,000,000. Concurrently, Veea Inc. completed the third closing of its private placement with White Lion Capital, receiving $500,000 in cash. This latest closing involved issuing a convertible promissory note with a face amount of $555,556 and warrants for 888,509 shares, bringing the total cash from White Lion to $1,475,000.

Veea Inc. reported a net loss of $(4.67) million for Q1 2026, a shift from a $4.30 million net income in Q1 2025, despite a significant increase in net sales to $180,417. The company made substantial balance sheet improvements, moving from a stockholders' deficit of $(9.75) million to an equity of $5.02 million, largely due to the settlement of $18.88 million in related party debt for preferred stock and the repayment of a $14.0 million revolving line of credit. Additionally, Veea's Nasdaq listing was transferred to the Capital Market, granting it an extended 180-day period to regain compliance with the minimum bid price requirement.

VEEA INC. filed an Amendment No. 1 to its S-1 Registration Statement for the resale of up to 15,306,748 shares of common stock by selling stockholders. The majority of these shares, up to 15,000,000, are designated for White Lion Capital, LLC, stemming from the conversion of convertible promissory notes and the exercise of warrants. An additional 306,748 shares are for a service provider. The company will not receive proceeds from the resale, but will receive proceeds from any cash exercise of the White Lion Warrants. VEEA is classified as an "emerging growth company" and a "smaller reporting company."