Assure Holdings Corp. announced that it has entered into a Waiver Agreement to issue a convertible note to new investor Danam Health, Inc. in principal amount of $1,000,000 at a price of $1,000,000 for gross proceeds of $1,000,000 on April 8, 2024. The note accrues interest on the then outstanding principal balance at a rate equal to 10% per annum, computed on the basis of the actual number of days elapsed and a year of 365 days.

The note has a maturity date of July 22, 2024. Upon the occurrence of certain events, the note is convertible into shares of common stock.