Business
Wellgistics Health, Inc. Announces Pricing of $4.0 Million Initial Public Offering
Tampa, Florida, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Wellgistics Health, Inc. (the "Company"), a holding company for various existing and planned strategic
About this update from Wellgistics Health, Inc.
[{"type":"text","content":"Tampa, Florida, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Wellgistics Health, Inc. (the \"Company\"), a holding company for various existing and planned strategic businesses centered around healthcare technology and pharmaceutical services, today announced the pricing of its initial public offering (the \"Offering\") of 888,889 ordinary shares at a public offering price of $4.50 per ordinary share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on February 21, 2025, under the ticker symbol \"WGRX.\" The Company expects to receive aggregate gross proceeds of $4.0 million from the Offering, before deducting underwriting discounts and other related expenses. The Offering is expected to close on or about February 24, 2025, subject to the satisfaction of customary closing conditions. With the Offering, the Company expects to increase capitalization, financial flexibility, increase visibility in the marketplace, and create a public market for Common Stock. The net proceeds from the Offering will be primarily used for general corporate purposes, including working capital, marketing initiatives, and capital expenditures. The Offering is being conducted on a firm commitment basis. Craft Capital Management LLC and D. Boral Capital LLC acted as underwriters for the Offering (the “Underwriters”). Dykema Gossett PLLC is acting as securities counsel to the Company, and Sichenzia Ross Ferrance Carmel LLP is acting as securities counsel to the Underwriters in connection with the Offering. A registration statement on Form S-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the \"SEC\") (File Number: 333-280925) and was declared effective by the SEC on February 14, 2025. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the prospectus relating to the Offering may be obtained, when available, from Craft Capital Management LLC by standard mail to Craft Capital Management LLC, 377 Oak St, Lower Concourse, Garden City, NY 11530 or by email at [email protected], or by telephone at +1(516)-833-1325; or from D. Boral Capital LLC by standard mail to D. Boral Capital LLC, 590 Madison Ave 39th Floor, New York, NY 10022, or by email at [email protected], or by telephone at +1(212)-970-5150. In...