secwatch.observer — SEC 8-K summary
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Issuer:     VSEE HEALTH, INC. (VSEE)
CIK:        0001864531
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001104659-23-056767
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Health Acquisition Corp. issues $300K promissory note with warrants and commitment shares for bridge financing
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- Entered SPA with institutional investor; issued $300K promissory note with 16.67% OID, 10% interest, due May 5, 2024.
- Issued warrants to purchase up to 26,086 shares at $11.50 per share (5-year term) and 7,000 commitment shares.
- VSee and iDoc guaranteed the obligations; subordinated to existing bridge lender.
- Related party: issued $200K promissory note to SCS Capital Partners LLC with 10% interest, due May 5, 2024.
- PIPE financing triggers accelerated repayment at 110% of principal; proceeds for working capital for business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1864531/000110465923056767/0001104659-23-056767-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1864531/000110465923056767/tm2314921d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-056767

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