6/23/2023 0 Comments Healthier choices management corp![]() ![]() The Company also operates Ada’s Natural Market, a natural and organic grocery store, through its wholly owned subsidiary Healthy Choice Markets, Inc. The Company currently operates eight retail vape stores in the Southeast region of the United States, through which it offers e-liquids, vaporizers and related products. Through its wholly owned subsidiary HCMC Intellectual Property Holdings, LLC, the Company manages and intends to expand on its intellectual property portfolio. (is a holding company focused on providing consumers with healthier daily choices with respect to nutrition and other lifestyle alternatives. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The prospectus relating to and describing the terms of the Offering has been filed with the SEC as a part of the registration statement and is available on the SEC's website at. Securities and Exchange Commission (SEC) on May 19, 2021. The Company's registration statement on Form S-1 was declared effective by the U.S. This offering allows us to pursue various courses to increase stockholder value, including protection of our intellectual property rights through litigation and other methods, funding future research and development for both our intellectual property suite and products, and funding for growth initiatives.” I truly appreciate each stockholder who chose to participate for the confidence that you placed in Team HCMC. Jeffrey Holman, the CEO of HCMC stated, “We chose to raise capital through a rights offering in order to provide all stockholders with the opportunity and the flexibility to participate according to their pro rata share of ownership in HCMC. Counsel for HCMC was Cozen O’Connor and counsel for Maxim Group was Ellenoff Grossman & Schole LLP. Maxim Group LLC acted as Dealer-Manager for the Offering. Participating rights holders should contact their brokers, nominees or online trading platforms for verification of receipt of shares they were issued pursuant to the rights offering. While the shares sold in the offering will be released by HCMC’s transfer agent to actual record date holders, the allocation of shares to participating rights holders’ accounts will be the responsibility of their individual brokers, nominees or online trading platforms. No physical stock certificates will be issued to such holders. Upon the closing, the subscription agent will distribute, by way of direct registration in book-entry form or through the facilities of DTC, as applicable, shares of common stock to holders of rights who have validly exercised their rights and paid the subscription price in full. HCMC anticipates that closing of the Offering will occur on or about June 15, 2021, subject to satisfaction or waiver of all conditions to closing. The results of the Offering and HCMC’s estimates regarding the aggregate gross proceeds of the Offering to be received by HCMC are subject to finalization and verification by its subscription agent. Preliminary estimates indicate that the Company will be raising gross proceeds of approximately $27 million from the Offering. The subscription rights exercised totaled approximately 27 billion shares of common stock. The subscription period for its previously announced rights offering (the “Offering”) of shares of common stock at an actual subscription price of $0.0010 per share, which represents a 25% discount to the 5-day VWAP ending on the expiration date, expired on June 10, 2021, and these rights are no longer exercisable. ![]() (sometimes referred to as the “Company” or “HCMC”) (OTC Pink: HCMC), announced today the expiration of the Company’s rights offering. Hollywood, FL, J(GLOBE NEWSWIRE) - Healthier Choices Management Corp. ![]() Relating to the Prospectus dated May 19, 2021 Issuer Free Writing Prospectus dated June 14, 2021įiled Pursuant to Rule 433(f) under the Securities Act of 1933 ![]()
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