Custom Health, Inc. announced that it expects to receive $15 million in funding from Cable Car Capital LLC, Berenson Acquisition Corp. I

Custom Health, Inc. announced that it has entered into senior secured note purchase agreement pursuant to which it issued fixed rate notes aggregate gross proceeds of $15,000,000 on April 22, 2024.The transaction will include participation from Funicular Fund, LP, a fund managed by Cable Car Capital LLC and Berenson Acquisition Corp. I. The notes carry fixed rate of interest of 15% payable five year after the issuance. The notes are convertible, senior and secured.

Notes will be convertible at the option of the holders thereof into shares of class A common stock of company if the conversion occurs on or prior to the business combination closing or into shares of class A common stock of the combined company if the conversion occurs after the business combination closing. The company affiliates HIMN HOLDINGS, LLC, CAREDIRECT LLC, HEALTH IN MOTION NETWORK LLC acted as guarantor in the transaction. The company will issue securities pursuant to exemption provided under Regulation D.