Company: EHSI
Filing Date: 2025-07-03
Form Type: 8-K
Source: 0001437749-25-022124
Chunk: 2

Company: Elite Health Systems Inc.
Filing Date: 2025-07-03
Form: 8-K
Item: Item 8.01
Chunk 2
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Item 8.01

Other Events.

Entry into Non-Binding Letter of Intent

On July 2, 2025, the Company entered into a non-binding letter of intent with Dr. Prasad Jeereddi and Dr. Praveena Jeereddi, the stockholders of Physician Support Systems, Inc. (“ PSS”) to pursue a potential transaction whereby the Company, under to the terms of a proposed exchange agreement (“ Acquisition Agreement”), would acquire 100% of the outstanding capital stock of PSS from selling stockholders of PSS in exchange for 3,158,000 shares of the Company’s common stock (the “ PSS Transaction”). Dr. Prasad Jeereddi, the Company’s Chief Executive Officer, owns 51% of PSS and Dr. Praveena Jeereddi (Dr. Prasad Jeereddi’s daughter) owns 49% of PSS.

The completion of the PSS Transaction is subject to and contingent on a number of factors including: (i) satisfactory completion of due diligence by the Company, (ii) execution of the definitive Acquisition Agreement by the Company and the selling stockholders of PSS, and (iii) the approval by the Company stockholders of the Acquisition Agreement as well as an increase in the authorized common stock of the Company.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 ──────────────────────────────────────────────────────
  Elite Health Systems Inc.                           
  By:                            /s/ Prasad Jeereddi  
  Name:                          Prasad Jeereddi      
  Title:                         Chairman and CEO     

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