Healthcare
Wellgistics Health Executive Chairman and President Exercise Warrants
Executives exercise previously issued warrants to acquire 200,000 common shares Shares issued in connection with exercise added to existing lock-up agreements TAMPA, FL / ACCESS Newswire / June 30, 2026 /Wellgistics Health, Inc. ("Wellgistics") (NASDAQ:WGRX), ...
About this update from Wellgistics Health, Inc.
TAMPA, FL / ACCESS Newswire / June 30, 2026 / Wellgistics Health, Inc. ("Wellgistics") (NASDAQ:WGRX), a Health IT leader, integrating pharmacy dispensing AI platform EinsteinRx™ into patented pharmacy smart contracts platform PharmacyChain™, today announced that its Executive Chairman Suren Ajjarapu and President & Interim Co-CEO Prashant Patel have exercised all warrants previously issued to them in connection with the conversion of their outstanding salaries into common shares at $10 per share. The exercise of the warrants resulted in the issuance of a total of 200,000 to the executives. "We believe strongly in the new direction of the Company under the new proposed DataMeds AI name that aligns our interests with those of our stockholders and builds upon our pre-existing pharmacy technology infrastructure to create a truly unique patient-centric health technology ecosystem that begins with patients seizing control of their health data," said Suren Ajjarapu, Chairman of Wellgistics Health. "By consolidating healthcare data and leveraging our trusted pharmacy positioning to better curate the data in order to prioritize actions that will lead to improvements in patient outcomes, we are putting the patient at the center of their health journey." Following the exercise of these warrants, Wellgistics confirms that as of the date of this press release there are 2,847,198 common shares outstanding. Certain stockholders holding approximately 1,533,930 common shares, representing a majority of the outstanding common shares, have entered into lock-up agreements that preclude the sale of their shares into the market for at least ninety (90) days from today's date. For more information, visit www.wellgisticshealth.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the proposed corporate name change to DataMeds AI, Inc.; the proposed rebranding of the Company's Pharmacy and Pharmacy Services division as Corexa Health; the Company's proposed transaction with DataVault AI Inc., Scilex Holding Company, EOS Holdings and HealthBridge Advisors; the anticipated timing, structure, terms and completion of such transaction; the satisfaction or waiver of closing conditions; the receipt of...
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