---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-024677"
form_type: "8-K"
ticker: "AMS"
cik: "0000744825"
company_name: "AMERICAN SHARED HOSPITAL SERVICES"
filed_at: "2026-07-28T20:21:26+00:00"
generated_at: "2026-07-28T20:22:07.647944+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-024677
- form_type: 8-K
- ticker: AMS
- cik: 0000744825
- company_name: AMERICAN SHARED HOSPITAL SERVICES
- filed_at: 2026-07-28T20:21:26+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744825/000143774926024677/0001437749-26-024677-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744825/000143774926024677/asha20260728_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-024677
- JSON: https://secwatch.observer/filing/0001437749-26-024677.json
- Plain text: https://secwatch.observer/filing/0001437749-26-024677.txt

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