---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-005404"
form_type: "8-K"
ticker: "WGRX"
cik: "0002030763"
company_name: "Wellgistics Health, Inc."
filed_at: "2025-04-18T23:59:59+00:00"
generated_at: "2026-05-23T11:17:58.003654+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Wellgistics Health converts $1.5M debt owed to CEO into 333,333 shares at $4.50 IPO price

## Summary
- Conversion of $1.5M cash payment due June 14, 2025 into 333,333 common shares at $4.50/share.
- Shares issued to Strategix Global LLC, an entity controlled by CEO Brian Norton.
- New shares subject to 12-month lock-up agreement with limited exceptions.
- Amendment to the Wellgistics MIPA dated May 11, 2023, as previously disclosed.
- CEO states conversion reflects belief in company's strategic direction and long-term value.

## SEC filing metadata
- accession: 0001641172-25-005404
- form_type: 8-K
- ticker: WGRX
- cik: 0002030763
- company_name: Wellgistics Health, Inc.
- filed_at: 2025-04-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2030763/000164117225005404/0001641172-25-005404-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2030763/000164117225005404/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-005404
- JSON: https://secwatch.observer/filing/0001641172-25-005404.json
- Plain text: https://secwatch.observer/filing/0001641172-25-005404.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.