Wellgistics Health, Inc. announced on September 25, 2025, the pricing of a public offering to raise $5 million. The offering consists of 7,142,862 shares of common stock, along with warrants to purchase an equal number of shares. The combined public offering price for each share and associated warrant is $0.70.
The warrants will have an exercise price of $0.70 per share, will be exercisable upon issuance, and will expire five years thereafter. This offering price represents a substantial discount compared to the company's Initial Public Offering (IPO) price of $4.50 per share in February 2025. This indicates significant dilution for existing shareholders.
This capital raise is a critical step for Wellgistics Health to secure additional funding amidst its ongoing financial challenges. While it provides necessary capital, the terms of the offering reflect the company's urgent need for liquidity. Investors will be evaluating the impact of this dilutive financing on the company's capital structure and future prospects.
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