Wellgistics Health converts $8.1M debt to equity, amends acquisition payment terms

Wellgistics Health, Inc.

Remaining $8.14M closing cash payment converted into 7,606,785 shares of common stock; reduces short-term debt.
Promissory notes increased from $15M to $17.5M; $5M due on first and second anniversaries, $7.5M on third.
Strategix (controlled by CEO Brian Norton) to receive 333,333 shares from prior $1.5M cash payment conversion.
Company will reimburse Sellers $12,000 for fees incurred in connection with the amendments.
Press release says conversion strengthens balance sheet, aims to improve cash flow and expand network.

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