Form 8-K - Current report

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 16, 2024

 

VSEE HEALTH, INC.

(Exact name of registrant as specified in its charter)

 

Delaware		001-41015		86-2970927
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

980 N Federal Hwy #304 Boca Raton, Florida		33432
(Address of principal executive offices)		(Zip Code)

 

Registrant’s telephone number, including area code: [phone]

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, $0.0001 par value per share		VSEE		The Nasdaq Stock Market LLC
Warrants, which entitles the holder to purchase one (1) share of common stock at a price of $11.50 per whole share		VSEEW		The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 7.01. Regulation FD Disclosure.

 

On October 16, 2024, VSee Health, Inc. (the “Company”) issued a press release announcing that the Company, in collaboration with the Kwajalein Atoll Local Government and Kwajalein Atoll Sustainability Laboratory, successfully demonstrated a groundbreaking telehealth initiative aimed at improving healthcare access for Marshallese veterans who served in the US military, and residents of the Kwajalein Atoll. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference.

 

The information included in this Item 7.01 and Exhibit 99.1 of this Current Report on Form 8-K is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall this item and Exhibit 99.1 be incorporated by reference into the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such future filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits:

 

Exhibit		Description
99.1		Press Release, dated October 16, 2024
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: October 17, 2024	VSEE HEALTH, INC.
	By:	/s/ Imoigele Aisiku
	Name:	Imoigele Aisiku
	Title:	Co-Chief Executive Officer

 

 

 

 

Exhibit 99.1

 

VSee Health, Kwajalein Atoll Government, US Coast Guard Cadets Launch Sea Ambulance Telehealth for Improved USA Veteran Access to Healthcare

 

BOCA RATON, Fla., October 16, 2024 – VSee Health, Inc. (Nasdaq: VSEE), a provider of comprehensive telehealth services that customize workflow streams and enhance patient care, in collaboration with the Kwajalein Atoll Local Government (KALGOV) and Kwajalein Atoll Sustainability Laboratory (KASL), is proud to announce the successful demonstration of a groundbreaking telehealth initiative aimed at improving healthcare access for Marshallese veterans who served in the US military, and residents of the Kwajalein Atoll. This innovative project leverages Starlink satellite technology and VSee Health’s telemedicine solution to provide virtual doctor consultations aboard a boat ambulance. The demonstration was concluded on Friday, 25 July 2024.

 

“This telehealth initiative marks a significant step forward in our efforts to enhance healthcare services for our community,” said Mayor HIrata J. Kabua, Kwajalein Atoll. “By leveraging advanced technology, we can ensure that our residents, especially our veterans, receive the medical attention they need, when they need it. We are excited about the positive impact this project will have on our healthcare system.”

 

KASL Executive Director Scott Paul remarked, “An old proverb says, ‘Drijo im Ukoj’ or ‘achieving our common goals through the collective efforts of everyone.’ I’m grateful to everyone who has contributed to this demonstration. The potential of this initiative to give our people access to better healthcare even in the most remote locations within the Atoll and the Pacific is a true testament to what we can accomplish when we work together to make a change for the better.”

 

Eric Rasmussen, MD, KASL Research Director commented, “I’ve worked in war zones and disaster sites all over the world, and this telemedicine capability from VSee is the most robust I’ve seen. It will save lives out here.”

 

“We are thrilled to partner with the Kwajalein Atoll Government to bring this advanced telehealth solution to the region,” said Milton Chen, CEO of VSee Health. “Our goal is to bridge the healthcare gap and provide US military veterans and residents with access to quality medical care, no matter where they are.”

 

Demonstrating Offshore Telehealth Capability and Ease of Use

 

Using a mounted Starlink satellite and a VSee Telemedicine Kit, the demonstration showcased the sea-going ambulance boat’s ability to connect with healthcare professionals on land, providing critical support for medical emergencies and routine consultations alike. The Kit included a laptop with plug-and-play digital medical devices such as USB stethoscope, otoscope, and ECG monitoring for live-streaming medical device images and data to the remote physician. During the remote patient examination, physicians in Hawaii, Washington, and Florida also observed via VSee in "Medical Apprentice" mode - where groups of physicians can observe and comment about a live physician-patient encounter.

 

To demonstrate the ease of use of VSee solutions, two freshmen American Coast Guard Academy cadets were brought on board to test the solution. After less than 30 minutes of training on the VSee telemedicine equipment, the cadets were able to show full competence by performing a remote physical exam and consultation on a Marshallese veteran from the U.S. Army who was on board the vessel.

 

Challenges of Accessing Healthcare in Remote Regions

 

Kwajalein Atoll faces unique healthcare challenges due to its remote location and limited medical resources. The main island, Ebeye, is home to approximately 10,000 people and is the only island with a hospital and qualified healthcare professionals. Of the roughly 90 outer islands around the Atoll, perhaps a dozen are permanently inhabited, some of which have as few as twenty inhabitants and do not have access to any trained health personnel. The introduction of VSee Health’s telehealth solution will enable these inhabitants to connect with doctors on Ebeye Island, anywhere in the United States, and anywhere in the world. This real-time connectivity ensures that patients receive timely and expert medical consultations, regardless of location within the atoll and even on a boat in the lagoon.

 

 

 

 

This initiative is expected to significantly enhance the overall healthcare infrastructure of the Kwajalein Atoll, ensuring that no one is left without access to essential medical services.

 

About KASL

 

The Kwajalein Atoll Sustainability Laboratory (KASL) is a Marshallese non-profit, non-governmental field experimentation site supported by the US Office of Naval Research (ONR) to explore climate-adaptive ideas.

 

About VSee Health

 

VSee Health is a software-as-a-service (SaaS) platform that enables clinicians and enterprises to create their telehealth workflows without programming. VSee Health’s system allows a telehealth mobile app to be created or a telehealth system to be integrated into existing hospital operations in days.

 

With a focus on patient disease state telemedicine and turnkey billing services, VSee Health has integrated an intensive care, critical care and neuro solution, powered by iDoc Telehealth Solutions, as its initial module for the VSee Health software platform. This technology encompasses a set of integrated telehealth technologies and a team of neurointensivists, neurologists, and tele-radiologists that treat and coordinate care for acutely ill patients 24/7/365 in the neurointensive care unit (Neuro-ICU), cardiac surgery intensive care unit (CS-ICU) and the intensive care unit (ICU) for stroke, brain trauma and a wide range of neurological conditions. For more information, please visit www.vseehealth.com.

 

Forward-Looking Statements

 

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,” “may,” “should,” “will,” “seeks,” or other similar expressions. Such statements may include, but are not limited to, statements regarding the Company’s ability to regain compliance with Nasdaq’s listing rules within the required timeframe. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties that may cause actual results to differ significantly, including those risks set forth in the Company’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q and other documents filed with the SEC. Copies of such filings are available on the SEC’s website at www.sec.gov. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.

 

Contacts

 

Investor Contact:

 

LHA Investor Relations

Tirth T. Patel

212-201-6614

[e-mail]

 

Media Contact:

 

VSee Health

Anne Chang

626-513-1824

[e-mail]

 

 

 

Cover	Oct. 16, 2024
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 16, 2024
Entity File Number	001-41015
Entity Registrant Name	VSEE HEALTH, INC.
Entity Central Index Key	0001864531
Entity Tax Identification Number	86-2970927
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	980 N Federal Hwy #304
Entity Address, City or Town	Boca Raton
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33432
City Area Code	561
Local Phone Number	672-7068
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Common Stock [Member]
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	VSEE
Security Exchange Name	NASDAQ
Warrant [Member]
Title of 12(b) Security	Warrants, which entitles the holder to purchase one (1) share of common stock at a price of $11.50 per whole share
Trading Symbol	VSEEW
Security Exchange Name	NASDAQ

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