---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-25-001763"
form_type: "8-K"
ticker: "VSEE"
cik: "0001864531"
company_name: "VSEE HEALTH, INC."
filed_at: "2025-11-17T23:59:59+00:00"
generated_at: "2026-05-16T19:23:47.137518+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# VSee Health exchanges $612K note for 941K shares and enters $25M ELOC

## Summary
- Exchanged $611,878.22 promissory note for 941,352 common shares; note cancelled.
- Secured $25M equity line of credit (ELOC) via directed stock purchase agreement; 36-month term.
- ELOC pricing: 96% of 10-day low VWAP (94% if price below $1.00); expanded purchase up to $5M.
- Sales capped at 19.9% of outstanding shares; proceeds for working capital and corporate purposes.
- Both transactions with accredited institutional investors; unregistered under Sections 3(a)(9) and 4(a)(2).

## SEC filing metadata
- accession: 0001185185-25-001763
- form_type: 8-K
- ticker: VSEE
- cik: 0001864531
- company_name: VSEE HEALTH, INC.
- filed_at: 2025-11-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1864531/000118518525001763/0001185185-25-001763-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1864531/000118518525001763/vsee8k111425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-25-001763
- JSON: https://secwatch.observer/filing/0001185185-25-001763.json
- Plain text: https://secwatch.observer/filing/0001185185-25-001763.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.