8-K/A
filed February 23, 2024, 6:59 PM ET
ticker HCMC
CIK 0000844856
other material
confidence high
sentiment neutral
materiality 0.30
HCMC extends spin-off financing deadline to June 1, 2024 via Fourth Amendment
Healthier Choices Management Corp.
- Fourth Amendment to SPA extends Completion Date from March 1, 2024 to June 1, 2024.
- As of Feb 20, 2024, 1,585 shares of Series E Preferred converted; 12,026 redeemed for $12,004,000.
- Amendment applies to purchasers' obligation to buy Series A Preferred of spin-off entity if spin-off closes by new deadline.
Key facts
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.: Fourth Amendment to Securities Purchase Agreement dated February 20, 2024, amending the Completion Date to June 1, 2024 (effective 2024-02-20).
- Effective
- 2024-02-20
Exact text from the filing
On February 20, 2024, the parties to the SPA entered into a Fourth Amendment to the Securities Purchase Agreement, pursuant to which the Company and such parties agreed to amend the Completion Date to June 1, 2024.
View on SEC.gov
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”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Healthier Choices Management Corp. amended Second Amendment to the Securities Purchase Agreement with the parties to the SPA (effective 2023-05-15).
- Action
- amendment
- Agreement
- equity purchase
- Counterparty
- the parties to the SPA
- Effective
- 2023-05-15
Exact text from the filing
On May 15 th , the parties to the SPA entered into Second Amendment to the Securities Purchase Agreement, pursuant to which the Company and such parties agreed to: (1) extend the time period for the Conversion Payment eligibility to December 1, 2023, (2) amend the Certificate of Designation as set forth in
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Healthier Choices Management Corp. amended First Amendment to Securities Purchase Agreement with five institutional investors (effective 2023-03-02).
- Action
- amendment
- Agreement
- equity purchase
- Counterparty
- five institutional investors
- Effective
- 2023-03-02
Exact text from the filing
On March 2, 2023, the parties to the SPA entered into First Amendment to Securities Purchase Agreement, pursuant to which the Company agreed to pay each Purchaser ten percent (10%) of the Stated Value (the “Conversion Payment”) of the Preferred Stock upon conversion of such Preferred Stock into common stock prior to the record date for the Spin Off.
View on SEC.gov
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