Wellgistics Health, Inc. announced on July 25, 2025, that its Board of Directors approved an $8.1 million debt-to-equity conversion. This transaction was led by CEO Brian Norton and former minority partners of Wellgistics, LLC. Wellgistics, LLC was acquired by Wellgistics Health in 2024.
The conversion materially reduces the company's short-term debt, strengthening its balance sheet. This financial maneuver improves the company's capital structure. It provides greater financial stability for ongoing operations and growth initiatives.
This action aligns with the company's strategy to manage its financial health while expanding its next-generation pharmaceutical distribution and digital prescription routing services. It supports Wellgistics Health's position as a leader in AI-powered hub fulfillment.
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