Company: EHSI
Filing Date: 2025-09-29
Form Type: DEF 14A
Source: 0001437749-25-030001
Chunk: 6

Company: Elite Health Systems Inc.
Filing Date: 2025-09-29
Form: DEF 14A
Chunk 6
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The Elite Board is not aware of any other business to be conducted at the Meeting.

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When and where will the Meeting take place?

The Meeting will be held on October 31, 2025 at 9:00 a.m. Pacific time. The Meeting will be held via the Internet at a webcast at www.virtualshareholdermeeting.com/EHSI2025SM. Elite encourages you to vote your shares prior to the Meeting regardless of whether you intend to attend virtually via the webcast.

Where can we get technical assistance if we are having trouble accessing the Meeting or during the Meeting?

If you have difficulty accessing the Meeting or during the Meeting, please refer to the technical support telephone number posted on the virtual meeting website login page, where technicians will be available to help you.

Why is the purpose of the Authorized Shares Increase Proposal?

The proposal to increase the aggregate number of shares we are authorized to issue will provide us the ability to raise additional capital such as the private placement we are currently pursuing and will allow us to make acquisitions or pursue other strategic business expansion opportunities.

What will happen to Elite if, for any reason, the Authorized Shares Increase Proposal is not approved?

As of September 26, 2025, the Company had currently outstanding 21,939,924 shares of its common stock. If the Authorized Shares Increase Proposal is not approved, which would limit the Company’s ability to issue more than 25,000,000 shares of common stock, the Company will be unable to raise the full amount proposed to be issued in connection with its ongoing private placement of up to $5 million and will not be able to complete the share issuance in connection with the Acquisition Agreement. In such event, the Company will be required to explore other avenues to raise the necessary capital to continue its business and establish alternative arrangements to secure the continuing services of PSS, and there can be no assurance that it will be in a position to do so.

What is the Acquisition Agreement?

On September 26, 2025, Elite entered into the Acquisition Agreement with the shareholders of Physician Support Systems, Inc. (“PSS”), pursuant to which the Company would acquire all of the outstanding shares of capital stock of PSS in exchange for 3,158,000 newly-issued shares of the Company’s common stock. The terms of the Acquisition Agreement are described under the heading “PROPOSAL FOUR: TO APPROVE THE ACQUISITION OF PSS BY ISSUING 3,158,000 SHARES OF