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The latest update is out from Wellgistics Health Inc ( (WGRX) ).
On April 15, 2025, Wellgistics Health, Inc. announced an amendment to its Membership Interest Purchase Agreement, converting $1.5 million of debt into 333,333 shares of common stock at the IPO price. This move, involving a debt owed to a seller entity controlled by CEO Brian Norton, underscores his confidence in the company’s strategic direction and commitment to long-term shareholder value, as the shares are subject to a 12-month lock-up agreement.
More about Wellgistics Health Inc
Wellgistics Health, Inc. (NASDAQ:WGRX) is a holding company focused on healthcare technology and pharmaceutical services. It aims to create a micro health ecosystem with a portfolio that includes a technology platform, pharmacy, and wholesale operations. The company provides prescription hub and clinical services, focusing on improving patient lives and offering integrated solutions for pharmacies, providers, pharmaceutical manufacturers, and payors.
YTD Price Performance: -13.65%
Average Trading Volume: 179,989
Learn more about WGRX stock on TipRanks’ Stock Analysis page.