DefaultJun 26, 2026, 04:37 PM
VSee Health Receives Default Notice on $271.7K Promissory Note
AI Summary
VSee Health, Inc. received a notice of default from ADI Funding, LLC regarding an 8% original issue discount secured promissory note with a principal amount of $271,739.13. The alleged defaults include the company's failure to file a resale registration statement on Form S-1 and an 8-K related to the Purchase Agreement by June 11, 2026. The company has ten trading days to cure the default, after which the holder may accelerate the debt and pursue other remedies. VSee Health is currently evaluating resolution alternatives.
Key Highlights
- VSee Health received a default notice from ADI Funding, LLC on June 12, 2026.
- The notice pertains to an 8% original issue discount secured promissory note totaling $271,739.13.
- Alleged defaults include failure to file a resale registration statement (Form S-1) and an 8-K related to the Purchase Agreement by June 11, 2026.
- The company has ten (10) Trading Days to cure the default.
- Failure to cure could lead to acceleration of debt, enforcement of collateral rights, and recovery of legal fees.
- VSee Health is evaluating resolution alternatives while preserving its rights and defenses.
Price Impact
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