Current Report · Items 1.01, 3.02, 9.01 · 8-K
VSee Health, Inc.
VSEENASDAQEQUITYCurrent
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities
Item 1.01 Entry into Material Definitive Agreement. Strata Agreement On September 2, 2026, VSee Health, Inc., a Delaware corporation (the “Company”), executed a Strata Purchase Agreement (the “Strata Agreement”) with Clearthink Capital Partners, LLC (“Clearthink”).…
Company context
VSee Health (NASDAQ:VSEE) is a telehealth technology and services company delivering high-acuity virtual care solutions through its scalable, API-driven platform. The Company’s offerings integrate secure video, device data, and EHR connectivity to power hospital systems, health networks, and employers across the United States. For more information, please visit vseehealth.com.
Current securities
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into Material Definitive Agreement.
Strata
Agreement
On
September 2, 2026, VSee Health, Inc., a Delaware corporation (the “Company”), executed a Strata Purchase Agreement (the “Strata
Agreement”) with Clearthink Capital Partners, LLC (“Clearthink”). Pursuant to the Strata Agreement, Clearthink has
committed to purchase up to $5.0 million (the “Commitment Amount”) of Company common stock, $0.0001 par value per share (the
“common stock”), at the Company’s direction from time to time, subject to the satisfaction of the conditions in the
Strata Agreement.
Such
sales of common stock, if any, will be subject to certain limitations, and may occur from time to time at the Company’s sole discretion
over the approximately 36-month period commencing on the date that a registration statement (the “Registration Statement”)
covering the resale by Clearthink of the shares of common stock purchased from the Company (which the Company has agreed to file) is
declared effective by the U.S. Securities and Exchange Commission (the “SEC”) and remains effective, and the other conditions
set forth in the Strata Agreement are satisfied.
Clearthink
has no right to require the Company to sell any shares of common stock to Clearthink, but the Company may request that Clearthink make
purchases at the Company’s direction subject to certain conditions. There is no upper limit on the price per share that Clearthink
could be obligated to pay for the common stock under the Strata Agreement. Clearthink also has the option to decline a purchase request
if the Company’s share price has materially declined causing the purchase to be negatively valued at the onset.
Actual
sales of shares of common stock to Clearthink from time to time will depend on a variety of factors, including, among others, market
conditions, the trading price of the Company’s common stock and determinations by the Company as to the appropriate sources of
funding for its operations. The net proceeds that the Company may receive under the Strata Agreement cannot be determined at this time,
since it will depend on the frequency and prices at which the Company sells shares of its common stock to Clearthink, the Company’s
ability to meet the conditions of the Strata Agreement and the other limitations, terms and conditions of the Strata Agreement. The Company
expects that any proceeds received by the Company from such sales to Clearthink will be used for working capital and general corporate
purposes.
The
Strata Agreement also prohibits the Company from directing Clearthink to purchase any shares of common stock if those shares, when aggregated
with all other shares of the Company’s common stock then beneficially owned by Clearthink and its affiliates as a result of purchases
under the Strata Agreement, would result in Clearthink and its affiliates having beneficial ownership of more than the 9.99% of the Company’s
then outstanding common stock.
The
Company may direct Clearthink to purchase amounts of its common stock under the Strata Agreement that it specifies from time to time
in a written notice (a “Request Notice”) delivered to Clearthink on any trading day up to the Commitment Amount. The maximum
amount that the Company may specify in any one Request Notice is equal to the lesser of $1,000,000 or 300% of the average number of shares
traded for the eight (8) trading days prior to the date of the Request Notice.
The
purchase price of the shares of common stock will be equal to 85% of the lowest daily closing price during the ten (10) trading days
preceding the purchase date.
Unless
earlier terminated as provided in the Strata Agreement, the Strata Agreement will terminate automatically on the earliest to occur
of: (i) the 36-month anniversary of the date of the Registration Statement becoming effective; and (ii) the date on which Clearthink
shall have purchased shares of common stock under the Strata Agreement for an aggregate gross purchase price equal to the Commitment
Amount under the Strata Agreement. The Company has the right to terminate the Strata Agreement at any time, at no cost or penalty,
upon delivering notice of termination to Clearthink. Such termination will not become effective until one (1) business day after
such notice is received by Clearthink.
As
consideration for Clearthink’s irrevocable commitment to purchase common stock upon the terms of and subject to satisfaction of
the conditions set forth in the Strata Agreement, upon execution of the Strata Agreement, the Company agreed to issue a total of 40,000
shares of common stock (the “Commitment Fee Shares”) to Clearthink. The Commitment Fee Shares are to be issued and deemed
earned upon the signing of the Strata Agreement.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item
3.02 Unregistered Sales of Equity Securities.
The
disclosure set forth in Item 1.01 above is hereby incorporated herein by reference. The issuance of the Commitment Fee Shares and any
shares of common stock issuable pursuant to the Strata Agreement was made or will be made in reliance on the exemption provided by Section
4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) for the offer and sale of securities not involving
a public offering, and Regulation D promulgated under the Securities Act.