Wellgistics Health, Inc. Launches Initial Public Offering at $4.50
Wellgistics Health, Inc. Unveils $4.0 Million Initial Public Offering
Tampa, Florida -- Wellgistics Health, Inc. (the "Company"), a holding company focusing on healthcare technology and pharmaceutical services, has officially announced the pricing details of its initial public offering. The Company is set to offer 888,889 ordinary shares at a price of $4.50 per share, which has been approved for listing on the Nasdaq Capital Market with the ticker symbol "WGRX." This marks a significant milestone in the Company’s strategic growth plan.
Funding to Drive Growth and Corporate Objectives
The anticipated gross proceeds from the offering are expected to be $4.0 million, before any deductions such as underwriting discounts and other associated costs. The closing of the offering is anticipated shortly, reinforcing the Company’s aim to enhance its capital structure, increase financial flexibility, and elevate its market visibility.
Utilization of Net Proceeds
The net proceeds from this offering will primarily be allocated for general corporate purposes. This includes enhancing working capital, spearheading marketing initiatives, and making necessary capital expenditures. Furthermore, Wellgistics Health aims to generate a public marketplace for its common stock, allowing for a vibrant exchange of shares and affiliations.
Support From Experienced Underwriters
The offering is conducted on a firm commitment basis, with Craft Capital Management LLC and D. Boral Capital LLC acting as underwriters. These firms bring significant expertise to the offering, ensuring a well-coordinated process. In addition, Dykema Gossett PLLC serves as the securities counsel for the Company, while Sichenzia Ross Ferrance Carmel LLP provides counsel to the underwriters for this significant transaction.
Registration and Compliance
To initiate the offering, a registration statement was filed with the U.S. Securities and Exchange Commission (the "SEC"), categorized under File Number: 333-280925, with the SEC declaring it effective recently. This process highlights the Company's commitment to compliance and transparency during its public offerings.
About Wellgistics Health, Inc.
Wellgistics Health is dedicated to building a comprehensive micro health ecosystem. The Company envisions a portfolio composed of a technology platform, a pharmacy, and wholesale operations, all aimed at providing innovative healthcare solutions. The focus is on enhancing patient care and delivering tailored services to pharmacies, healthcare providers, pharmaceutical manufacturers, and payors. With their patient-centric approach, Wellgistics Health aims to redefine pharmaceutical care by fostering care coordination, dispensing, and clinical management of varied pharmaceutical products.
Patient-Centric Solutions
In the mission to improve patient outcomes, Wellgistics Health leverages the synergies among different business segments. This enables them to address core challenges associated with access to medications, integration of services, and management of varied therapeutic needs, from specialty drugs to routine maintenance therapies.
Contact Information and Investor Relations
For those interested in learning more or for inquiries related to the offering, the Company encourages contacting their investor relations team at IR@wellgistics.com. The commitment to transparency and communication underscores Wellgistics Health's dedication to shareholder engagement and public trust.
Frequently Asked Questions
What is the purpose of Wellgistics Health's IPO?
The funds raised will mainly support corporate purposes like working capital, marketing, and capital expenditures.
Who are the underwriters for this offering?
Craft Capital Management LLC and D. Boral Capital LLC are the underwriters managing the IPO.
When is Wellgistics Health's stock expected to begin trading?
The company's stock is slated to commence trading shortly after the offering closes.
What is the ticker symbol for Wellgistics Health?
Wellgistics Health's shares will trade under the ticker symbol "WGRX" on the Nasdaq Capital Market.
How can I get more information about the prospectus?
The prospectus can be requested from Craft Capital Management LLC or D. Boral Capital LLC, via their provided contact methods.
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