Veea (VEEA) shares rose over 50% in Monday trading after the company said it received unsecured loans totaling $1.65 million from NLabs, a principal stockholder and an affiliate of its chief executive officer.
The firm said late Friday in a regulatory filing that the loans were in four demand promissory notes carrying an annual interest rate of 10%, and will be used as working capital.
Price: 5.02, Change: +1.69, Percent Change: +50.75
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