HEALTHY CHOICE WELLNESS CORP.
1948864
Jun 27, 2025, 01:26 AM
0001641172-25-016773
Items (1)
ITEM 1.01. Entry into a Material Definitive Agreement On June 20, 2025, Healthy Choice Wellness Corp. (the “ Company” or “ HCWC”) entered into an Amended and Restated Securities Purchase Agreement (the “ SPA”), pursuant to which the Company sold 3,250 shares (the ‘ Shares”) of its Series A Convertible Preferred Stock (the “ HCWC Preferred Stock”) to three investors (the “ Purchasers”) for an aggregate subscription price of $3,250,000 (the “ Offering”). The HCWC Preferred Stock is currently convertible into 2,339,252 shares of the Company’s Class A Common Stock at a conversion price of $1.38 per share. The Offering was completed on June 26, 2025. The SPA amended and restated the Securities Purchase Agreement entered into between HCWC and the Purchasers on May 12, 2025. The proceeds the Company received in the Offering will be used for general working capital purposes and potential acquisitions. The Company has agreed to register the shares of HCWC Class A Common Stock issuable upon conversion of the Shares. The foregoing description of the SPA is a summary and is qualified in its entirety by reference to the provisions thereof, a copy of which is attached to this Current Report as Exhibit 10.1, which is incorporated by reference herein.