VSEE HEALTH, INC. 8-K

What Happened

• VSee Health, Inc. announced on June 8, 2026 that it entered into a Securities Purchase Agreement with ADI Funding LLC and issued a secured promissory note. The note’s aggregate principal amount is $271,739.13 (this amount includes an original issue discount of $21,739.13). The promissory note bears interest at 18% per annum and matures on December 8, 2026. The company filed the related Form 8-K on June 11, 2026.

Key Details

• Principal amount: $271,739.13 (includes an 8% original issue discount of $21,739.13).
• Interest rate: 18% per annum. Maturity date: December 8, 2026.
• Prepayment: Company may prepay any portion by paying 100% of the amount plus a 10% prepayment fee (if no Event of Default).
• Repayment trigger: If the company receives proceeds from an equity line financing arrangement with the Holder, it must repay the entire outstanding balance within two business days.
• Security: The Promissory Note is secured by certain company assets under a Security Agreement executed with the Holder.

Why It Matters

• The transaction creates a new, short-term secured debt obligation for VSee Health with a high effective financing cost (18% interest plus an original issue discount and potential prepayment fee).
• The note also grants the lender a security interest in company assets and requires rapid repayment if equity-line proceeds are received, which are concrete changes to the company’s near-term financing and liquidity arrangements that investors should be aware of.