In an effort to ensure that the Actual Subscription Price reflects the most current average weighted price available at the close of the Rights Offering, the Actual Subscription Price will be calculated by taking the VWAP from the last 5 trading days leading up to the termination date of the Rights Offering on June 3, 2021, and multiplying that number by 75%, providing a 25% discount to that 5 day VWAP for all shares purchased. This number was calculated by taking the volume weighted average price (also known as the “VWAP”) from the last 5 trading days leading up to the Record date of the Rights Offering, and multiplying that number by 75%, thereby reflecting a 25% discount to that 5 day VWAP. When filling out the subscription rights form, the holder will use the Estimated Subscription Price, which is $0.001425. Each subscription right will entitle the holder to purchase one share of common stock. will distribute one non-transferable subscription right for every four shares of common stock owned and each share of Series D preferred stock (on an as-if-converted-to-common-stock basis) held on the Record Date (May 18, 2021). Under the Rights Offering, Healthier Choices Management Corp. The Subscription Agent is:īroadridge Corporate Issuer Solutions, Inc. The broker, dealer, bank or other nominee, or online trading platform, may establish a deadline before June 3, 2021, by which instructions to exercise subscription rights, along with the required subscription payment, must be received in order to allow themselves enough time to process and transmit said documents and payments prior to the Jdeadline.Īll record holders of rights that have their shares in book entry form with the transfer agent and wish to participate in the rights offering must deliver a properly completed and signed subscription rights certificate, together with payment of the subscription price for both basic subscription rights and any over subscription rights election, to the Subscription Agent, to be received before 5:00 PM Eastern Time on June 3, 2021. Once available, rights holders that wish to participate in the rights offering should promptly contact their nominee, or online trading platform, and submit subscription documents and payment for the shares of common stock subscribed for in accordance with their instructions and within the time period provided by such nominee, or online trading platform. If exercising subscription rights through a broker, dealer, bank or other nominee, such as an online platform including but not limited to TD, Schwab, Fidelity, E-Trade, or others, please note that within the next few days DTC will open the window for participation and the online platforms will put in place their instructions for stockholders to elect to participate in the Rights Offering. (sometimes referred to as the “Company”) (OTC Pink: HCMC) today announced that the subscription period for the Company’s rights offering (the “Rights Offering”) has commenced. Hollywood, FL, / (GLOBE NEWSWIRE)/ - Healthier Choices Management Corp.
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