secwatch.observer — SEC 8-K summary
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Issuer:     Elite Health Systems Inc. (EHSI)
CIK:        0001089815
Form:       8-K
Filed at:   2023-11-28T23:59:59+00:00
Accession:  0001140361-23-054994
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USNU acquires remaining 15% of subsidiary USN, issuing 1.39M shares in share exchange
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- USNU issued 1,392,739 new shares to minority holders of USN, making USN a wholly-owned subsidiary.
- Minority holders were former shareholders of Elite Health Plan acquired in Oct 2021; exchange provides public market access.
- Post-exchange, USNU has 9,284,924 shares outstanding.
- Elite Health plans to operate Medicare Advantage plans in Nevada and California, but licensing and capital needed.
- Elite Health currently has no revenues; will need to raise capital to support licensing and network building.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1089815/000114036123054994/0001140361-23-054994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1089815/000114036123054994/ny20015457x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-054994

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