secwatch.observer — SEC 8-K summary
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Issuer:     Healthier Choices Management Corp. (HCMC)
CIK:        0000844856
Form:       8-K/A
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001493152-23-039384
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HCMC extends spin-off deadline to Mar 2024, amends convertible preferred terms
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- Third Amendment extends Spin-Off completion date from Dec 1, 2023 to Mar 1, 2024.
- Initial conversion price for Series A Preferred set at 5-day VWAP; reset at 10% discount after 40 days (floor 30% of initial).
- As of Oct 27, 2023: 1,585 preferred shares converted, 11,193 redeemed for total $11.17M.
- Series A Certificate of Designation for spin-off entity Healthy Choice Wellness Corp. amended and restated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844856/000149315223039384/0001493152-23-039384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844856/000149315223039384/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039384

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer