secwatch.observer — SEC 8-K summary
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Issuer:     Wellgistics Health, Inc. (WGRX)
CIK:        0002030763
Form:       8-K
Filed at:   2026-01-20T23:59:59+00:00
Accession:  0001493152-26-002690
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wellgistics Health issues up to $8.125M secured convertible notes at 20% OID
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- Issued $8.125M aggregate principal of secured convertible notes; purchase price $6.5M (20% OID).
- Notes bear 0% interest (18% default), mature 6 months or at qualified financing.
- Conversion price $0.4057 per share, at holder's election.
- Placement agent Dawson James gets 6.5% commission and warrants for 5% of gross proceeds.
- Notes secured by assets of Company and subsidiaries; guaranteed by Wood Sage LLC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2030763/000149315226002690/0001493152-26-002690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2030763/000149315226002690/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-002690

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