other material
confidence high
sentiment neutral
materiality 0.50
Healthy Choice Wellness Corp. issues $3.25M Series A convertible preferred at $1.38 conversion
HEALTHY CHOICE WELLNESS CORP.
- Sold 3,250 Series A Convertible Preferred shares at $1,000 stated value; initial payment at par only.
- Shares held in escrow until HCWC stock closes at $1.50+ for five consecutive days; then investors pay remaining.
- Conversion price set at $1.38 per share; convertible into 2,339,252 Class A common shares.
- Proceeds to be used for general working capital and potential acquisitions.
- Filed Certificate of Designation with Delaware Secretary of State establishing Series A preferred stock terms.