Healthy Choice Wellness Corp. entered into a First Amendment to its Securities Purchase Agreement and filed a Certificate of Amendment with Delaware to increase the authorized shares of Series A Convertible Preferred Stock from 5,250 to 7,000. The company issued 1,313 preferred shares to four investors in exchange for their waiver of participation rights in future equity offerings. These preferred shares are convertible into 951,087 shares of Class A Common Stock at a conversion price of $1.38 per share. The transaction was exempt from registration under Section 4(a)(2) and Regulation D. Healthy Choice Wellness Corp. operates in the health and wellness industry.
