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Vsee Health, Inc. (NASDAQ:VSEE) announced Friday it has regained compliance with Nasdaq’s minimum equity requirements, according to a press release statement based on its latest SEC filing.
The company reported that, following a September hearing with the Nasdaq Hearings Panel, it was granted an extension to complete a compliance plan after previously falling short of the $2.5 million minimum stockholders’ equity required by Nasdaq Listing Rule 5550(b)(1). As of December 31, 2024, Vsee Health’s annual report showed a stockholders’ deficit of $18,488.
Vsee Health stated it has now demonstrated compliance on a pro forma basis after closing several transactions. These include the exercise of certain outstanding warrants, the conversion of multiple outstanding convertible notes and preferred shares into common stock, and the exchange of certain outstanding payables into common stock and preferred shares. The company’s pro forma balance sheet, assuming all transactions closed as of December 31, 2025, shows total stockholders’ equity of $13.2 million.
The Nasdaq Hearings Panel had required Vsee Health to file public disclosure of the transactions and demonstrate long-term compliance with the equity rule by December 1, 2025. The company’s securities, including its common stock (NASDAQ:VSEE) and warrants (NASDAQ:VSEEW), remain listed on the Nasdaq Capital Market.
This information is based on a press release statement included in Vsee Health’s Form 8-K filed with the Securities and Exchange Commission.
In other recent news, VSee Health, Inc. announced a private placement agreement with a single institutional investor, securing approximately $6 million in gross proceeds. This agreement involves the sale of 9,836,065 shares of common stock and warrants to purchase up to 19,672,130 additional shares, with an effective combined price of $0.61 per share. The company also reported the activation of two new hospitals on its iDoc telemedicine platform, which is expected to generate $500,000 in annual revenue. Additionally, VSee Health has activated 21 out of 34 hospitals in its Health network for teleradiology services, with further implementations planned. In another development, VSee Health appointed its cofounder and CEO, Dr. Milton Chen, as Chairman of the Board. Dr. Chen has been instrumental in leading the company’s strategy on AI infrastructure for healthcare. These updates highlight VSee Health’s ongoing efforts to expand its telemedicine services and strengthen its leadership team.
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