secwatch.observer — SEC 8-K summary
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Issuer:     Healthier Choices Management Corp. (HCMC)
CIK:        0000844856
Form:       8-K/A
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0000844856-23-000007
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HCMC amends SPA to pay 10% of Stated Value on conversion of Series E Preferred Stock prior to Spin Off record date
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- On March 2, 2023, HCMC amended its August 2022 Securities Purchase Agreement with five institutional investors.
- Amendment requires HCMC to pay each Purchaser 10% of the Stated Value of Series E Preferred Stock upon conversion before Spin Off record date.
- As of March 6, 2023, 535 shares of Preferred Stock converted and 555.55 shares redeemed.
- Original SPA sold 14,722.075 shares of Series E Preferred Stock for $13,250,000 aggregate subscription price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844856/000084485623000007/0000844856-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844856/000084485623000007/form8ka-3_3_2023.htm
  HTML page:      https://secwatch.observer/filing/0000844856-23-000007

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