Wellgistics Health subsidiary enters forbearance agreement on $1.77M debt

Wellgistics Health, Inc.

Wellgistics, LLC acknowledges $1.77M owed to Marco Capital under Nov 2024 loan; MCI forbears through June 15, 2026.
Bi-weekly payments of $50k start May 5, 2026; interest at Term SOFR + 11.5% per annum.
Portion of net proceeds from future financings (10%-30% based on size) must repay debt.
Parent guarantor Wellgistics Health and management (Patel, Sherb) reaffirm guarantees.
Forbearance period ends June 15, 2026 unless earlier triggered by default or financing proceeds.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Wellgistics Health, Inc. entered into Forbearance Agreement with Marco Capital, Inc. valued at approximately $1.77 million (effective 2026-05-01).

Action: entry
Agreement: credit facility
Counterparty: Marco Capital, Inc.
Value: approximately $1.77 million
Effective: 2026-05-01

Exact text from the filing

On May 1, 2026, Wellgistics, LLC (“Wellgistics”), a wholly owned subsidiary of Wellgistics Health, Inc. (the “Company”), entered into an Acknowledgment of Indebtedness, Forbearance and Repayment Agreement (the “Forbearance Agreement”) with Marco Capital, Inc. (“MCI”).

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Wellgistics Health, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-021718

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