American Shared Hospital Services enters forbearance with Fifth Third Bank, obtains $2M related-party loan

AMERICAN SHARED HOSPITAL SERVICES

Lender forbears from exercising default remedies until June 30, 2027, subject to termination events and strict conditions.
Company must pursue asset sale; monthly prepayment of excess cash flow over $5M required.
Borrowed $2M from RCS/TIG Holdings (owned by Executive Chairman) at 10% interest, subordinated to bank lien.
Issued warrant to purchase 220,000 shares at $1.45/share, exercisable through July 21, 2027.
Monthly interest payments on term loans; quarterly principal payments of $125K (Term) and $75K (Delayed Draw) starting Oct 2026.

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