Spin-off - Healthier Choices Management Corp.
Form Type: NT 10-K
Filing Date: 2025-04-01
Corporate Action: Spin-off
Type: New
Accession Number: 000164117225001924
Filing Summary: Healthier Choices Management Corp. is unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, due to unanticipated delays in compiling necessary information for the audit. These delays are partly attributed to a recent spin-off of its subsidiary, Healthy Choice Wellness Corp., which occurred in September 2024. The company is committed to filing the Annual Report as soon as possible, within the fifteenth calendar day following its due date. Additionally, it is expected that the results of operations for the fiscal year ending December 31, 2024, will reflect significant changes compared to the previous fiscal year, mainly due to the impact of the spin-off.
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Additional details:
Registrant Name: Healthier Choices Management Corp.
Address: 3800 North 28th Way Hollywood, FL 33020
Telephone Number: 3056005004
Contact Person: John Ollet
Contact Number: 3056005004
Fiscal Year End Date: 2024-12-31
Spin Off Details: Spin-off of Healthy Choice Wellness Corp. in September 2024.
Form Type: 8-K
Filing Date: 2025-01-27
Corporate Action: Spin-off
Type: Update
Accession Number: 000149315225003813
Filing Summary: Healthier Choices Management Corp. dismissed Marcum LLP as their independent registered public accounting firm effective December 4, 2024, primarily to establish a new audit relationship following the spin-off of its subsidiary, Healthy Choice Wellness Corp. The audit reports from Marcum were not adverse and did not include significant disagreements but did express substantial doubt about the company's ability to continue as a going concern. The company also reported material weaknesses in its internal controls over financial reporting as of the end of fiscal years 2023 and 2022. The Audit Committee has appointed TAAD, LLP as the new independent registered public accounting firm effective January 22, 2025. The company received a ruling from the U.S. Court of Appeals relating to a patent case against Philip Morris, which resulted in the dismissal of the patent infringement action on December 31, 2024.
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Additional details:
Audit Committee Dismissal Date: 2024-12-04
New Audit Firm: TAAD, LLP
Appointment Date: 2025-01-22
Patent Case Ruling Date: 2024-11-22
Dismissal Of Patent Action Date: 2024-12-31
Form Type: 8-K
Filing Date: 2024-09-19
Corporate Action: Spin-off
Type: Update
Accession Number: 000149315224037183
Filing Summary: The document announces the completion of a spin-off by Healthier Choices Management Corp., resulting in the establishment of a new independent company, Healthy Choice Wellness Corp. The spin-off process involved a distribution of shares to existing shareholders of Healthier Choices Management Corp.
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Additional details:
Newco Cik: 1948864
Parent Cik: 844856
File Number: 001-36469
Access 12: 000149315224
: 0
Percentage Spun Off: 100
Effective Date: 2024-09-13
Spin Off Id: 383
Form Type: 8-K/A
Filing Date: 2024-09-12
Corporate Action: Spin-off
Type: Update
Accession Number: 000149315224036054
Filing Summary: Healthier Choices Management Corp. has announced the spin-off of Healthy Choice Wellness Corp. The record date for the distribution has been set for September 9, 2024, with the distribution date following on September 13, 2024. This transaction will involve a pro rata dividend providing shareholders with shares of HCWC common stock based on their holdings in HCMC. Additionally, the HCWC shares are expected to be listed on the NYSE American under the ticker "HCWC" commencing September 16, 2024.
Document Link: View Document
Additional details:
Newco Cik: 1948864
Parent Cik: 844856
File Number: 001-36469
Access 12: 000149315224
: 0
Percentage Spun Off: 100
Effective Date: 2024-09-13
Spin Off Id: 383
Form Type: 8-K
Filing Date: 2024-09-11
Corporate Action: Spin-off
Type: Update
Accession Number: 000149315224035751
Filing Summary: Healthier Choices Management Corp. has announced the spin-off of its wholly-owned subsidiary, Healthy Choice Wellness Corp. The spin-off will involve distributing common shares of HCWC to Healthier Choices shareholders, thereby separating it from the parent company. This is a proactive move to benefit shareholders, who will receive shares of HCWC at a specified ratio. The record date for the distribution is set for September 9, 2024, with the actual distribution occurring three days later on September 12, 2024. The Class A common stock of HCWC will be listed under the symbol "HCWC" on the NYSE American starting September 13, 2024.
Document Link: View Document
Additional details:
Newco Cik: 1948864
Parent Cik: 844856
File Number: 001-36469
Access 12: 000149315224
: 0
Percentage Spun Off: 100
Effective Date: 2024-09-13
Spin Off Id: 383
Form Type: 8-K/A
Filing Date: 2024-07-29
Corporate Action: Spin-off
Type: Update
Accession Number: 000149315224029398
Filing Summary: The announcement details the Sixth Amendment to a Securities Purchase Agreement, indicating a spin-off of the grocery and wellness businesses of Healthier Choices Management Corp., resulting in a new public company, specifically involving the issuance of Series A Convertible Preferred Stock. The completion date for the spin-off has been set for November 1, 2024, following necessary steps outlined in the amendment.
Document Link: View Document
Additional details:
Newco Cik: 1948864
Parent Cik: 844856
File Number: 001-36469
Access 12: 000149315224
: 0
Percentage Spun Off: 100
Effective Date: 2024-09-13
Spin Off Id: 383
Form Type: 8-K/A
Filing Date: 2024-04-11
Corporate Action: Spin-off
Type: Update
Accession Number: 000149315224014312
Filing Summary: Healthier Choices Management Corp. announced an amendment to their Securities Purchase Agreement concerning its subsidiary, Healthy Choice Wellness Corp. The amendment involves terms regarding the issuance of warrants linked to the spin-off of Healthy Choice Wellness Corp. from the parent company. The announcement indicates ongoing developments related to the spin-off, but specific dates for the completion of the spin-off transaction were not provided.
Document Link: View Document
Additional details:
Newco Cik: 1948864
Parent Cik: 844856
File Number: 001-36469
Access 12: 000149315224
: 0
Percentage Spun Off: 100
Effective Date: 2024-09-13
Spin Off Id: 383
Form Type: 8-K/A
Filing Date: 2024-04-09
Corporate Action: Spin-off
Type: Update
Accession Number: 000149315224014044
Filing Summary: The announcement details the impending spin-off of Healthier Choices Management Corp.’s grocery and wellness businesses into a newly created public company. Conditions regarding the spin-off are mentioned, including stipulations for institutional investors to purchase preferred stock in the new entity.
Document Link: View Document
Additional details:
Newco Cik: 1948864
Parent Cik: 844856
File Number: 001-36469
Access 12: 000149315224
: 0
Percentage Spun Off: 100
Effective Date: 2024-09-13
Spin Off Id: 383
Form Type: 8-K/A
Filing Date: 2024-02-23
Corporate Action: Spin-off
Type: New
Accession Number: 000149315224007665
Filing Summary: The announcement details modifications to a Securities Purchase Agreement as part of preparations for a spin-off of HCMC's grocery and wellness businesses, allowing investors to purchase shares in a newly created public company resulting from the spin-off. Specific details regarding the new company's CIK and the percentage being spun off were not provided.
Document Link: View Document
Additional details:
Newco Cik: 1948864
Parent Cik: 844856
File Number: 001-36469
:
Percentage Spun Off: 100
Effective Date: 2024-09-13
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