• American Shared Hospital Services received a May 29, 2026 notice of default under its April 9, 2021 credit agreement with Fifth Third Bank.
• The lender raised interest on advances to the Default Rate, adding 2% per year to the existing applicable margin.
• Defaults cited included covenant breaches tied to a USD 5 million minimum cash requirement, missed financial ratios, a late compliance certificate, loan nonpayment.
• Fifth Third reserved rights to accelerate all amounts due and pursue collateral remedies; no acceleration had occurred as of the filing date.
• The company warned it would not have enough cash to meet obligations if the lender accelerates the debt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Shared Hospital Services published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-019561), on June 04, 2026, and is solely responsible for the information contained therein.