debt
confidence high
sentiment neutral
materiality 0.60
VSee Health raises $575,550 via two convertible notes with discounted conversion
VSEE HEALTH, INC.
- ClearThink Note: $280,000 principal ($30,000 OID), 10% interest, due June 22, 2027, conversion at 85% of lowest closing price over 10 days prior to conversion, floor $0.01.
- Vanquish Note: $295,550 principal ($38,550 OID), 12% interest, due April 15, 2027, conversion at 75% of lowest closing bid price over 10 days prior to conversion, no floor.
- Both notes are unsecured, convertible after 180 days, with 4.99% beneficial ownership limitation.
- Proceeds used for general working capital.
- Issuance exempt from registration under Section 4(a)(2) and Regulation D.