Wellgistics Health raises $16.9M via convertible notes at 20% OID; majority shareholders lock up shares

Wellgistics Health, Inc.

Notes aggregate principal $21.1M for $16.9M cash (20% OID); zero interest; mature in 12 months.
Conversion price initially lower of $6.00 or 100% of closing price, floor $1.00; later reset to $50 or 100% of closing price.
Warrants to purchase shares at $7.50; expire May 27, 2031; potential cash proceeds ~$39.6M if exercised in full.
Portion of proceeds used to repay ~$1.77M Marco Capital loan.
Holders of 1,333,930 common shares (majority) entered 90-day lock-up; co-CEO cites restructuring confidence.

item 1.01 item 3.02 item 7.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001493152-26-026452
form_type: 8-K
ticker: WGRX
cik: 0002030763
company_name: Wellgistics Health, Inc.
filed_at: 2026-05-29T21:30:04+00:00
discovered_at: 2026-05-29T21:32:00.296755+00:00
generated_at: 2026-05-29T21:33:22.012383+00:00
sec_items: ["1.01", "3.02", "7.01", "9.01"]
event_type: debt
sentiment: neutral
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001493152-26-026452
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markdown_url: https://secwatch.observer/filing/0001493152-26-026452.md
text_url: https://secwatch.observer/filing/0001493152-26-026452.txt
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