---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-036917"
form_type: "8-K"
ticker: "SCNX"
cik: "0001382574"
company_name: "Scienture Holdings, Inc."
filed_at: "2023-10-11T23:59:59+00:00"
generated_at: "2026-06-10T01:34:09.072609+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# TRxADE HEALTH raises $290k via private placement of Series C Preferred and warrants

## Summary
- Gross proceeds of $290,000 from sale of 290 shares of Series C Convertible Preferred at $1,000/share to Hudson Global Ventures.
- Issued warrant to purchase 41,193 shares at $7.20/share, exercisable for 5 years; also issued 40,000 commitment shares.
- Series C Preferred convertible at lower of 85% of average lowest VWAPs; conversion price may drop to $5.00 or 25% of lowest traded price upon Triggering Event.
- Company may redeem Series C at 115%-125% premium within 180 days; holders can force redemption at 135% upon Triggering Event.
- Registration statement required within 15 days; negative covenants restrict share repurchases and affiliate deals.

## SEC filing metadata
- accession: 0001493152-23-036917
- form_type: 8-K
- ticker: SCNX
- cik: 0001382574
- company_name: Scienture Holdings, Inc.
- filed_at: 2023-10-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1382574/000149315223036917/0001493152-23-036917-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1382574/000149315223036917/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-036917
- JSON: https://secwatch.observer/filing/0001493152-23-036917.json
- Plain text: https://secwatch.observer/filing/0001493152-23-036917.txt

## Key facts
- Governance Changes
  Scienture Holdings, Inc.: Filed Certificate of Designation establishing Series C Preferred Stock with 1,000 authorized shares, $1,000 stated value per share, including dividend, voting, liquidation, conversion, and redemption terms (effective 2023-10-04).
  - Change: charter amendment
  - Effective: 2023-10-04
  source text: On October 4, 2023 (the “ Filing Date ”), the Company filed the Certificate of Designation with the Secretary of State of the State of Delaware designating 1,000 shares out of the authorized but unissued shares of its preferred stock as Series C Preferred Stock with a stated value of $1,000 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1382574/000149315223036917/0001493152-23-036917-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.