other_material
confidence high
sentiment neutral
materiality 0.75
Healthy Choice Wellness Corp. raises $3.25M via Series A Convertible Preferred Stock issuance
HEALTHY CHOICE WELLNESS CORP.
- Sold 3,250 shares of Series A Convertible Preferred at $1,000 stated value each for aggregate $3,250,000.
- Shares convertible into 2,339,252 Class A common shares at a conversion price of $1.38 per share.
- Proceeds to be used for general working capital and potential acquisitions.
- Certificate of Designation filed; preferred stock has voting rights on as-converted basis and $1,000/share liquidation preference.
- Issuance exempt from registration under Section 4(a)(2) and Rule 506(b); shares are restricted securities.
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