InvestmentJun 11, 2026, 04:17 PM
VSee Health Secures $10M Standby Equity Purchase Agreement
AI Summary
VSee Health, Inc. has entered into a Standby Equity Purchase Agreement (SEPA) with YA II PN, LTD., effective June 2, 2026. This agreement grants VSee Health the right to sell up to $10 million of its common stock to the investor over a three-year period, subject to certain conditions. The company will pay a $25,000 structuring fee and issued 532,481 shares as a commitment fee.
Key Highlights
- VSee Health entered into a Standby Equity Purchase Agreement (SEPA) with YA II PN, LTD.
- The agreement allows VSee Health to sell up to $10 million of its common stock.
- The SEPA is effective from June 2, 2026, until June 2, 2029.
- Shares will be issued at 97% of the lowest daily VWAP during a three-day pricing period.
- VSee Health will pay a $25,000 structuring fee from the gross proceeds of the first advance.
- The company issued 532,481 shares as a commitment fee to the investor.
- Share issuance is capped at 9,715,140 shares (19.99% of outstanding) without stockholder approval.
- Investor's beneficial ownership is limited to 4.99% of the then-outstanding common stock.
Price Impact
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