VSEED · Vsee Health, Inc. · Shareholders & Ownership
Substantial doubt about the company's ability to continue as a going concern.
“Management has determined that principal conditions including the Company’s liquidity condition and historical operating losses raise substantial doubt about the Company’s ability to continue as a going concern for a period of time of at least one year after the date that the accompanying consolidated financial statements are issued. ... There is no assurance that the Company’s plans to alleviate such concerns will be successful or successful within one year after the date the condensed consolidated financial statements are issued.”View the 10-Q filed Aug 14, 2026
One customer — 46% of revenue (the three months ended June 30, 2026)
“The Company has one customer whose revenue accounted for approximately 46% and 43% of the Company's total revenue for the three months ended June 30, 2026, and six months ended June 30, 2026, respectively.”
One customer — 43% of revenue (the six months ended June 30, 2026)
“The Company has one customer whose revenue accounted for approximately 46% and 43% of the Company's total revenue for the three months ended June 30, 2026, and six months ended June 30, 2026, respectively.”
2 customers — 23% of receivables (June 30, 2026)
“In aggregate, the Company had two customers whose accounts receivable represented 23% of the Company's total accounts receivable as of June 30, 2026.”
3 customers — 43% of receivables (December 31, 2025)
“In the aggregate, the Company had three customers whose accounts receivable represented 43% of the Company's total accounts receivable as of December 31, 2025.”
Every disclosed holder of VSEED in one list: 13F institutions, Schedule 13D and 13G filers, insiders (Forms 3, 4 and 5) and registered funds, each from its own latest filing. Holders nest by CIK and SEC reporting links, never by name, and each is summed once.
Who Owns VSEED
13F quarter Jun 30, 2026| Holder group | Shares | % Out |
|---|---|---|
| Institutional (13F) | 9,717,589 | 17.14% |
| Insiders (Forms 3, 4, 5) | 0 | 0.00% |
| 13D/G-only blocks | 2,809,485 | 4.96% |
| Remaining | 44,152,739 | 77.90% |
| Registered funds (N-PORT, not summed) | 0 | 0.00% |
Shares outstanding: 56,679,813, the issuer's latest cover-page count restated onto today's split basis.
Insiders are listed but not summed: the issuer has more than one class of common stock and Forms 3, 4 and 5 report one issuer-wide balance across them.
13D/G-only counts each filer's latest 13D or 13G that no 13F report of the listing contains, that names no 13F filer and that no counted insider files. Funds are never summed: their shares sit inside their advisers' 13F reports.
Holders of VSEED
| # | Holder | Shares | As of | Notes |
|---|---|---|---|---|
| 1 |
ARMISTICE CAPITAL, LLC
13F
CIK 1601086 · Registered investment adviser · Jun 30, 2026
|
4,079,129 | ||
| 1.1 |
ARMISTICE CAPITAL, LLC
13G
CIK 1601086 · Registered investment adviser · Jun 30, 2026
Rule 13d-1(b), qualified institution, not summed
|
4,079,129 | ||
| 2 |
Aisiku Imoigele
Insider
CIK 2026054 · Mar 23, 2026
Director, Co-Chief Executive Officer, issuer-wide, not summed
|
3,296,621 | ||
| 3 |
|
1,187,671 | ||
| 4 |
|
1,014,654 | ||
| 5 |
LAWRENCE SANDS
13D
CIK 1506824 · Unknown · Jul 21, 2025
|
961,500 | ||
| 5.1 |
|
705,000 | ||
| 6 |
|
833,331 | ||
| 7 |
JANE STREET GROUP, LLC
13F
CIK 1595888 · Unknown · Jun 30, 2026
|
785,322 | ||
| 8 |
|
581,557 | ||
| 9 |
Linden Advisors LP
13F
CIK 1279396 · Registered investment adviser · Jun 30, 2026
|
500,000 | ||
| 10 |
MMCAP International Inc. SPC
13F
CIK 1304857 · Unknown · Jun 30, 2026
|
500,000 | ||
| 11 |
D. E. Shaw & Co., Inc.
13F
CIK 1009207 · Unknown · Jun 30, 2026
|
365,000 | ||
| 12 |
VANGUARD FIDUCIARY TRUST CO
13F
CIK 933478 · Unknown · Jun 30, 2026
|
354,298 | ||
| 13 |
Clear Street Group Inc.
13F
CIK 1881567 · Unknown · Jun 30, 2026
|
320,203 | ||
| 14 |
HRT FINANCIAL LP
13F
CIK 1475597 · Unknown · Jun 30, 2026
|
317,924 | ||
| 15 |
Alberta Investment Management Corp
13F
CIK 1463559 · Non-US institution · Jun 30, 2026
|
250,000 | ||
| 16 |
Saba Capital Management, L.P.
13F
CIK 1510281 · Registered investment adviser · Jun 30, 2026
|
243,249 | ||
| 17 |
WHITEBOX ADVISORS LLC
13F
CIK 1257391 · Registered investment adviser · Jun 30, 2026
|
232,500 | ||
| 18 |
VANGUARD CAPITAL MANAGEMENT LLC
13F
CIK 2100119 · Registered investment adviser · Jun 30, 2026
|
213,716 | ||
| 19 |
GEODE CAPITAL MANAGEMENT, LLC
13F
CIK 1214717 · Registered investment adviser · Jun 30, 2026
|
207,081 | ||
| 20 |
Cygnus Capital Advisors, LLC
13F
CIK 2114319 · Registered investment adviser · Jun 30, 2026
|
142,908 | ||
| 21 |
XTX Topco Ltd
13F
CIK 1828301 · Unknown · Jun 30, 2026
|
129,160 | ||
| 22 |
Quad-Cities Investment Group, LLC
13F
CIK 1741426 · Registered investment adviser · Jun 30, 2026
|
121,000 | ||
| 23 |
|
117,356 | ||
| 24 |
|
108,731 | ||
| 25 |
|
108,731 | ||
| 26 |
|
108,504 | ||
| 27 |
Virtu Financial LLC
13F
CIK 1533964 · Unknown · Jun 30, 2026
|
105,998 | ||
| 28 |
|
105,278 | ||
| 29 |
OSAIC HOLDINGS, INC.
13F
CIK 1677044 · Holding company · Jun 30, 2026
|
99,785 | ||
| 30 |
TORONTO DOMINION BANK
13F
CIK 947263 · Bank · Jun 30, 2026
|
99,300 | ||
| 31 |
StoneX Group Inc.
13F
CIK 913760 · Unknown · Jun 30, 2026
|
97,275 | ||
| 32 |
Yakira Capital Management, Inc.
13F
CIK 1584639 · Registered investment adviser · Jun 30, 2026
|
88,380 | ||
| 33 |
BOOTHBAY FUND MANAGEMENT, LLC
13F
CIK 1549230 · Registered investment adviser · Jun 30, 2026
|
87,179 | ||
| 34 |
CITADEL ADVISORS LLC
13F
CIK 1423053 · Registered investment adviser · Jun 30, 2026
Classes VSEED, VSEEW
|
55,942 | ||
| 35 |
|
54,982 | ||
| 36 |
RIVERNORTH CAPITAL MANAGEMENT, LLC
13F
CIK 1447578 · Registered investment adviser · Jun 30, 2026
|
31,104 | ||
| 37 |
NORTHERN TRUST CORP
13F
CIK 73124 · Bank · Jun 30, 2026
|
27,373 | ||
| 38 |
WOLVERINE ASSET MANAGEMENT LLC
13F
CIK 1279891 · Registered investment adviser · Jun 30, 2026
|
26,094 | ||
| 39 |
|
19,808 | ||
| 40 |
STATE STREET CORP
13F
CIK 93751 · Bank · Jun 30, 2026
|
18,900 | ||
| 41 |
SUSQUEHANNA INTERNATIONAL GROUP, LLP
13F
CIK 1446194 · Unknown · Jun 30, 2026
|
18,306 | ||
| 42 |
Wealthcare Advisory Partners LLC
13F
CIK 1683059 · Registered investment adviser · Jun 30, 2026
|
14,098 | ||
| 43 |
Tower Research Capital LLC (TRC)
13F
CIK 1533421 · Unknown · Jun 30, 2026
|
4,020 | ||
| 44 |
BARCLAYS PLC
13F
CIK 312069 · Bank · Jun 30, 2026
|
1,526 | ||
| 45 |
HARBOUR INVESTMENTS, INC.
13F
CIK 810121 · Registered investment adviser · Jun 30, 2026
|
750 | ||
| 46 |
SBI Securities Co., Ltd.
13F
CIK 1851815 · Non-US institution · Jun 30, 2026
|
1 |
Shares are restated onto today's split basis. Change compares each row with the same holder's previous filing in the same source; a dash means there is none to compare. Nested 13D/G, insider and fund rows are not summed, since a 13F report already holds them.