secwatch.observer — SEC 8-K summary
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Issuer:     Wellgistics Health, Inc. (WGRX)
CIK:        0002030763
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001641172-25-003835
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wellgistics Health to acquire Peek Healthcare for $2M cash, $6M note, and shares
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- Merger: Peek acquired for $2M cash (adjusted) + $6M note (4.5% for 3 years) + 1,777,778 shares; 1,270,163 earn-out subject to $8.8M revenue target by Dec 2027.
- Peek's digital prescription platform serves >2,500 patients with $1.5M annual revenue; expected to be immediately accretive.
- Related party note: $500k from Sansur Assoc. (Chairman's entity), 10% unsecured, due Oct 2025.
- ELOC with Hudson Global Ventures for up to $50M over ~24 months at up to 10% discount; commitment fee 152k shares.
- Director Sajid Sayed resigns (no disagreement); Michael Peterson appointed independent director and audit committee chair.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2030763/000164117225003835/0001641172-25-003835-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2030763/000164117225003835/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-003835

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