secwatch.observer — SEC 8-K summary
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Issuer:     VSEE HEALTH, INC. (VSEE)
CIK:        0001864531
Form:       8-K
Filed at:   2026-09-30T20:15:27+00:00
Accession:  0001185185-26-004440
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

VSee Health issues $180,550 Vanquish convertible note due July 30, 2027 with 12% interest, default-only conversion
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- VSee issued Vanquish Funding Group an additional unsecured convertible note with $180,550 principal, $23,550 OID, and $157,000 purchase price on Sept. 24, 2026.
- The note carries a one-time 12% interest charge of $21,666, 22% default interest, and is due July 30, 2027; payments total $202,216.
- Payments: $101,108 on March 30, 2027, then four $25,277 installments on April 30, May 30, June 30, and July 30, 2027; missed payment is an Event of Default.
- Vanquish may convert only after an Event of Default at 65% of the lowest 10-day closing bid, subject to a non-waivable 4.99% beneficial ownership cap.
- The Vanquish SPA permits additional tranches up to $2,050,000; the prior June 18, 2026 note had $295,550 principal and $38,550 OID.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1864531/000118518526004440/0001185185-26-004440-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1864531/000118518526004440/vsee8k093026.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-004440

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