secwatch.observer — SEC 8-K summary
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Issuer:     Healthier Choices Management Corp. (HCMC)
CIK:        0000844856
Form:       8-K/A
Filed at:   2024-04-11T23:59:59+00:00
Accession:  0001493152-24-014312
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HCWC subsidiary issues $1.889M notes and bridge warrants to institutional investors
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- Unsecured promissory notes of $1.889M aggregate principal at 10% OID, 10% annual interest, due at IPO or Jan 18, 2025.
- Bridge warrants issued with $0.01/share exercise price, exercisable after IPO registration effective, subject to 9.99% beneficial ownership limit.
- Warrant shares = face value of bridge note divided by $10; number adjusts if IPO price below $10 per share.
- Amendment extends deadline for HCWC spin-off; investors obligated to buy ~$11M Series A Convertible Preferred Stock.
- Proceeds from the securities sale are for general working capital purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844856/000149315224014312/0001493152-24-014312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844856/000149315224014312/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-014312

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