Company: EHSI
Filing Date: 2025-09-02
Form Type: PRE 14A
Source: 0001437749-25-028137
Chunk: 8

Company: Elite Health Systems Inc.
Filing Date: 2025-09-02
Form: PRE 14A
Chunk 8
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 ratification of the independent auditors is not a condition to Authorized Shares Increase Proposal or the closing of the Acquisition Agreement.

What are the recommendations of the Board?

After consideration and consultation with management and its professional advisors, and after recommendation by the Special Committee composed entirely of disinterested directors of the Elite Board (the “Special Committee”), the Elite Board unanimously recommends that the stockholders vote (1) “FOR” the Board Election Proposal, (2) “FOR” the Authorized Shares Increase Proposal, (3) “FOR” the 2025 Equity Incentive Plan Proposal, (4) “FOR” the Acquisition Proposal, (5) “FOR” the Approval of Independent Auditor Proposal and “FOR” the Adjournment Proposal.

What risks should I consider in deciding whether to vote in favor of the various proposals?

You should carefully review the section of this proxy statement entitled “RISK FACTORS”, which sets forth certain risks and uncertainties related to the ownership of Elite common stock, as well as risks and uncertainties to the proposals presented at the Meeting.

If approved, when do you expect the Acquisition to be consummated?

Elite currently anticipates that the Acquisition will close within several days after the Meeting to be held on October 14, 2025, but the Company cannot predict the exact timing. For more information about the conditions to the consummation of the Acquisition, please see the section titled “The Acquisition Agreement” under PROPOSAL FOUR of this proxy statement.

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What are the material U.S. federal income tax consequences of the Acquisition to Elite and its stockholders?

Elite will not recognize any gain or loss for U.S. federal income tax purposes upon consummation of the Acquisition. In addition, because the stockholders of Elite immediately prior to the consummation of the Acquisition will not sell, exchange or dispose of any shares of Elite common stock in connection with the transaction, such stockholders will not recognize any gain or loss in connection therewith.

Am I entitled to dissenters’or appraisal rights?

No, Elite stockholders are not entitled to dissenters’ or appraisal rights in connection with the Acquisition.

Have PSS stockholders adopted the Acquisition Agreement?

Yes, the PSS stockholders have adopted the Acquisition Agreement and approved the transaction thereunder via a written consent delivered by the PSS stockholders.

Who can vote at the Meeting?

Stockholders of record who owned shares of Elite common stock on the Record Date may attend and vote at the Meeting. There were 21