debt
confidence high
sentiment neutral
materiality 0.75
VSee Health issues $2.22M senior secured convertible notes due 2026, warrants at $2.25, 100K commitment shares
VSEE HEALTH, INC.
- Principal $2,222,222.22 at 10% interest, due March 30, 2026; secured by substantially all assets including IP.
- Investor receives 740,741 warrants (5-year, $2.25 strike) and 100,000 commitment shares of common stock.
- Note convertible into common stock, subject to 4.99% beneficial ownership cap.
- Directors and officers entered lock-up agreements until note is outstanding.
- Registration rights agreement requires filing to register shares underlying note, warrants, and commitment shares.