Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Healthier Choices Management Corp.: Amended Certificate of Designation for Series E Preferred Stock to set redemption price equal to stated value regardless of redemption date (effective 2023-05-15).
- Change
- charter amendment
- Effective
- 2023-05-15
Exact text from the filing
On May 15, 2023, the Company filed an amendment to the Certificate of Designation to make the redemption price of the Preferred Stock (the “Redemption Price”) equal the Stated Value regardless of the date on which it is redeemed.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Healthier Choices Management Corp. entered into Securities Purchase Agreement with five institutional investors valued at $13,250,000 (effective 2022-08-18).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- five institutional investors
- Value
- $13,250,000
- Effective
- 2022-08-18
Exact text from the filing
On August 18, 2022, Healthier Choices Management Corp. (the “Company” or “HCMC”) entered into a Securities Purchase Agreement (the “SPA”), pursuant to which the Company sold and issued 14,722.075 shares of its Series E Redeemable Convertible Preferred Stock (the “Preferred Stock”) to five institutional investors (the “Purchasers”) for an aggregate subscription price of $13,250,000 (the “Offering”).
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