WELL HEALTH TECHNOLOGIES CORP. EARLY WARNING NEWS RELEASE

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[{"type":"text","content":"\n\n\n\n WELL HEALTH TECHNOLOGIES CORP. EARLY WARNING NEWS RELEASE\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n VANCOUVER, BC\n \n ,\n \n April 1, 2025\n \n /CNW/ - WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) (\"\n \n WELL\n \n \"), of 550-375 Water Street,\n \n Vancouver, British Columbia\n \n V6B 5C6, issues this press release pursuant to National Instrument 62-103 –\n \n The Early Warning System and Related Take-Over Bid and Insider Reporting Issues\n \n and National Instrument 62-104 –\n \n Take Over Bids and Issuer Bids\n \n in connection with the acquisition of securities.\n \n\n\n\n\n\n\n\n\n\n Exercise of Call Right\n \n\n\n On\n \n October 1, 2023\n \n , WELL and the founding shareholders of HEALWELL AI Inc. (\"\n \n HEALWELL\n \n \"), Dr.\n \n Sven Grail\n \n (\"\n \n Dr. Grail\n \n \") and Dr.\n \n George Christodoulou\n \n (\"\n \n Dr. Christodoulou\n \n \"), entered into a call option agreement (the \"\n \n Call Option Agreement\n \n \"), under which WELL was granted a call option (the \"\n \n Call Right\n \n \") to acquire up to 30.8 million Subordinate Voting Shares of HEALWELL (each, a \"\n \n HEALWELL Share\n \n \") and 30.8 million Multiple Voting Shares of HEALWELL (each, a \"\n \n MVS\n \n \") from Dr. Grail and Dr. Christodoulou. Dr. Grail, together with his affiliates, owns 15.4 million HEALWELL Shares and 15.4 million MVSs subject to the Call Right and Dr. Christodoulou, together with his affiliates, owns 15.4 million HEALWELL Shares and 15.4 million MVSs subject to the Call Right (together, the \"\n \n Optioned Shares\n \n \"). The Call Right was exercisable until\n \n October 1, 2026\n \n and its exercise was conditional on the achievement by HEALWELL of a number of performance milestones designed to demonstrate improvements in HEALWELL's financial and capital markets performance, as well as obtaining any required Toronto Stock Exchange or regulatory approvals. The Call Right could only be exercised in pairs, such that WELL had to co...

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