Corporate ActionAug 13, 2026, 05:28 PM
Healthy Choice Wellness Converts $692,671 Debt to 2.56M Shares
AI Summary
Healthy Choice Wellness Corp. completed a debt-to-equity exchange on August 7, 2026. A holder of a promissory note exchanged $692,671 of principal for 2,565,450 shares of the company's Class A common stock at a price of $0.27 per share. Following this transaction, approximately $2.1 million of principal and interest remains unpaid under the original credit agreement. The company claimed an exemption from registration requirements under Section 3(a)(9) of the Securities Act for this private placement.
Key Highlights
- Debt-to-equity exchange completed on August 7, 2026.
- $692,671 of promissory note principal was exchanged.
- 2,565,450 Class A common shares issued in the exchange.
- Shares issued at a price of $0.27 per share.
- Approximately $2.1 million principal and interest remains unpaid.
- Exemption claimed under Section 3(a)(9) of the Securities Act.
Price Impact
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