secwatch.observer — SEC 8-K summary
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Issuer:     Elite Health Systems Inc. (EHSI)
CIK:        0001089815
Form:       8-K
Filed at:   2026-08-05T18:44:29+00:00
Accession:  0001437749-26-025897
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Elite Health Systems enters $525K subordinated note with CEO; grants warrants for 110,526 shares
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- $525,000 subordinated note from CEO Dr. Prasad Jeereddi, due July 31, 2027, 10% interest, 2% prepayment penalty.
- Warrant to purchase 110,526 shares at $0.95/share, exercisable through July 31, 2031, with cashless exercise.
- Company may accept additional investments up to $1.5 million aggregate on same terms.
- Note is unsecured and subordinated; warrants are not registered and restricted.
- Transaction approved by independent board members.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1089815/000143774926025897/0001437749-26-025897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1089815/000143774926025897/ehsi20260804_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-025897

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer