VSee Health designates Series B Convertible Preferred Stock with $0.65 conversion price
VSEE HEALTH, INC.
- Filed Certificate of Designation for 2,000 shares of Series B Preferred Stock, $1,000 stated value.
- Dividends paid on as-converted-to-common basis only when common dividends paid.
- Shares convertible into common at $0.65 per share, subject to 9.99% beneficial ownership cap.
- Liquidation preference senior to common, pari passu with Series A Preferred Stock.
- Conversion exercisable after investor gross proceeds from sale of all investor shares are less than $2.3M.