secwatch.observer — SEC 8-K summary
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Issuer:     Wellgistics Health, Inc. (WGRX)
CIK:        0002030763
Form:       8-K
Filed at:   2026-05-29T21:30:04+00:00
Accession:  0001493152-26-026452
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2030763/000149315226026452/0001493152-26-026452-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2030763/000149315226026452/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-026452

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer