Wellgistics raises $16.9M via convertible notes with 20% discount, warrants at $7.50

Filed May 29, 2026 · Period ending May 27, 2026 · ~1 min read

Key Changes

• high

  Company issued $21.1M face value convertible notes for $16.9M cash (20% discount), convertible at $1-$6/share initially, with warrants exercisable at $7.50. Full warrant exercise could yield additional $42.8M, though no assurance of cash exercise.

  Item 1.01 verify on EDGAR →
• high

  Must obtain stockholder approval under Nasdaq rules to issue shares exceeding 19.99% of outstanding stock. Until approved, conversions and warrant exercises are capped, limiting financing flexibility and creating potential overhang.

  Item 1.01 verify on EDGAR →
• medium

  Used $1.77M of proceeds to repay Marco Capital debt from November 2024, eliminating existing loan obligation and associated guaranty.

  Item 1.01 verify on EDGAR →