Corporate ActionAug 6, 2026, 05:28 PM
Healthy Choice Wellness Issues Preferred Stock, Waives Equity Rights
AI Summary
Healthy Choice Wellness Corp. entered into a First Amendment to its Amended and Restated Securities Purchase Agreement, issuing 1,313 shares of Series A Convertible Preferred Stock to four investors. In return, these investors waived their rights to participate in future equity offerings. The company also amended its Certificate of Designations, increasing the authorized Series A Convertible Preferred Stock from 5,250 to 7,000 shares. The newly issued preferred shares are convertible into 951,087 shares of Class A Common Stock at a conversion price of $1.38 per share.
Key Highlights
- HCWC issued 1,313 shares of Series A Convertible Preferred Stock to four investors.
- Investors waived rights to participate in future equity offerings in exchange for shares.
- Preferred shares are convertible into 951,087 Class A Common Stock at $1.38 per share.
- Authorized Series A Preferred Stock increased from 5,250 to 7,000 shares.
- The SPA Amendment modifies agreements originally from May 12, 2025, and November 11, 2025.
- Shares were issued to Anson East Master Fund, Anson Investments Master Fund, and the Mintz family.
Price Impact
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