CORRECTION FROM SOURCE: Wellgistics Health Secures $50M ELOC Facility for XRP Treasury Reserve and Real-Time Payments Infrastructure and Other General Ops

About this update from Wellgistics Health, Inc.

[{"type":"text","content":"The correction is to the headline only","length":38,"tagName":"p"},{"type":"text","content":"TAMPA, FL / ACCESS Newswire / May 8, 2025 / Wellgistics Health, Inc. (NASDAQ:WGRX), a technology-first pharmaceutical distribution and healthcare infrastructure company, today announced a new initiative to pioneer the use of XRP, a blockchain-based digital asset, as both a treasury reserve and a real-time payments infrastructure-which management believes, upon successful commercialization, would make Wellgistics among the first publicly traded healthcare companies to deploy XRP in this manner.","length":498,"tagName":"p"},{"type":"text","content":"This XRP payment initiative is supported by Wellgistics Health's $50 million Equity Line of Credit (ELOC), the proceeds of which may be utilized to further develop and unlock programmable liquidity and on-demand financial infrastructure designed to eliminate banking delays, reduce cost, and increase transparency across its national healthcare network.","length":357,"tagName":"p"},{"type":"text","content":""At Wellgistics Health, we challenge the idea that healthcare has to be tethered to legacy systems, bloated intermediaries, and slow-moving money," said Brian Norton, CEO of Wellgistics Health. "We are developing a platform that connects manufacturers directly to pharmacies and patients-bypassing the red tape and placing control back in the hands of those who deliver care. Our blockchain-enabled payment system and ledger is just the next logical step in healthcare evolution, allowing us to hardwire speed, liquidity, and transparency into a system that's long been starved of all three. I believe that the future winners in healthcare won't be the companies with the biggest buildings…they'll be those with the fastest rails, cleanest data, and most efficient platforms. We're betting on infrastructure…not inertia."","length":857,"tagName":"p"},{"type":"text","content":"Why XRP? Why Now?","length":17,"tagName":"p"},{"type":"text","content":"We believe that there are certain advantages to integrating XRP and its related infrastructure into its healthcare ecosystem. These include, among others:","length":154,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Speed: XRP settles transactions in 3-5 seconds vs. 1-3 days for ACH or wire transfe...

More updates from Wellgistics Health, Inc.