VSee Health received a notice of default on June 12, 2026, from ADI Funding, LLC. The default relates to an 8% original issue discount secured promissory note totaling $271,739.13. The holder alleges failure to file a resale registration statement on Form S-1, failure to file a required Form 8-K, and failure to issue transfer agent instructions by June 11, 2026. The company has a 10-trading-day cure period to resolve the issues before the holder can accelerate debt or enforce collateral rights.