secwatch.observer — SEC 8-K summary
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Issuer:     VSEE HEALTH, INC. (VSEE)
CIK:        0001864531
Form:       8-K
Filed at:   2023-11-22T23:59:59+00:00
Accession:  0001104659-23-120488
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Health Acquisition Corp. amends business combination with VSee and iDoc, secures $3M note and $50M equity line
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- Third Amended and Restated Business Combination Agreement signed Nov 21, 2023, replacing prior agreement between DHAC, VSee, and iDoc.
- Additional bridge financing: $166,667 in convertible notes (10% OID, 8% interest, convertible at $10/share) and Exchange Note of $2,523,744.29.
- Quantum Financing: $3,000,000 convertible note (7% OID, 12% interest, conversion price $10 or 85% of VWAP, floor $2).
- Equity Purchase Agreement: up to $50,000,000 of common stock over 36 months; $500,000 commitment fee note convertible at $10/share.
- Debt conversion transactions: certain DHAC, VSee, and iDoc indebtedness converted into Series A Preferred Stock at closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1864531/000110465923120488/0001104659-23-120488-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1864531/000110465923120488/tm2331127d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-120488

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