Financing ·
On July 31, 2026, the independent board members of Elite Health Systems Inc. approved a $525,000 subordinated note and…
EHSIElite Health Systems Inc.
On July 31, 2026, the independent board members of Elite Health Systems Inc. approved a $525,000 subordinated note and warrant agreement with CEO Dr. Prasad Jeereddi. The unsecured note bears a 10% annual interest rate, matures on July 31, 2027, and includes a 2% prepayment penalty. Concurrently, the company issued warrants allowing Dr. Jeereddi to purchase up to 110,526 shares at $0.95 per share through July 31, 2031. The agreement permits additional investments on identical terms up to an aggregate of $1.5 million. Elite Health Systems Inc. operates in the healthcare industry.