secwatch.observer — SEC 8-K summary
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Issuer:     Wellgistics Health, Inc. (WGRX)
CIK:        0002030763
Form:       8-K/A
Filed at:   2026-06-02T20:15:28+00:00
Accession:  0001493152-26-026879
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wellgistics Health issues $21M convertible debt, raises $6.5M new capital, refinances all outstanding convertible debt
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- New $21M oversubscribed convertible debt refinances all outstanding convertible debt; no interest; converts at $6.00/share.
- Provides $6.5M in new working capital; satisfies closing condition for Datavault AI, Scilex Pharma, and others DelivMeds AI Transaction.
- Automatic exchange to Preferred Stock at $50.00/share conversion upon registration effectiveness and shareholder approval (subject to adjustments).
- Potential substantial future dilution to existing stockholders upon conversion of the new securities.
- Dawson James Securities acted as placement agent for the financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2030763/000149315226026879/0001493152-26-026879-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2030763/000149315226026879/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-026879

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