Corporate ActionApr 30, 2026, 04:41 PM
HLYK Files S-1 for Public Offering of 1.75M Shares; Seeks Nasdaq Listing
AI Summary
HealthLynked Corp. filed an S-1 amendment for a public offering of up to 1,750,000 shares of common stock, with an assumed price range of $4.00 to $6.00 per share, aiming to raise approximately $6.16 million in net proceeds. Concurrently, a selling stockholder may resell up to 150,000 shares. The company has applied to list its common stock on The Nasdaq Capital Market under the symbol "HLYK", contingent on the offering's completion. The filing also highlights substantial doubt about the company's ability to continue as a going concern, citing a cash balance of $37,136 and a working capital deficit of $5,461,724 as of December 31, 2025.
Key Highlights
- HLYK files S-1 for public offering of up to 1,750,000 common shares.
- Anticipated public offering price between $4.00 and $6.00 per share.
- Company expects net proceeds of approximately $6,160,000 from the offering.
- Applied to list common stock on Nasdaq under symbol "HLYK".
- Selling stockholder may resell up to 150,000 common shares.
- Cash of $37,136 and working capital deficit of $5,461,724 as of Dec 31, 2025.
- Accumulated deficit of $50,539,218 as of Dec 31, 2025.
- Underwriter has 45-day option to purchase up to an additional 210,000 shares.