Loan & DebtJun 11, 2026, 04:17 PM
VSEE HEALTH Issues $271,739 Secured Promissory Note at 18% Interest
AI Summary
VSEE HEALTH, INC. (VSEE) has entered into a securities purchase agreement with an institutional investor, issuing a secured promissory note for $271,739.13. The note has an 18% annual interest rate and a maturity date of December 8, 2026. The company has the option to prepay the note with a 10% fee, but is obligated to repay it immediately upon receiving proceeds from an equity line of credit financing. The note is secured by company assets.
Key Highlights
- VSEE HEALTH, INC. issued an 8% original issue discount secured promissory note for $271,739.13 to an institutional investor.
- The note carries an 18% annual interest rate and is due on December 8, 2026.
- The company can prepay the note with a 10% fee, or must repay it within two business days of receiving equity line of credit financing.
- The note is secured by certain company assets via a Security Agreement.
Price Impact
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