Spin-off - HEALTHY CHOICE WELLNESS CORP.

Form Type: 10-K

Filing Date: 2025-03-28

Corporate Action: Spin-off

Type: New

Accession Number: 000164117225001000

Filing Summary: Healthy Choice Wellness Corp. (HCWC) successfully completed its spin-off from Healthier Choices Management Corp. (HCMC) on September 13, 2024, transitioning into an independent, publicly traded company. The Board of Directors approved this separation on August 22, 2022. Under the spin-off, HCMC distributed shares on a pro-rata basis to its stockholders, resulting in each stockholder receiving one share of Class A and three shares of Class B common stock for every 208,632 shares of HCMC common stock held by them on the record date of September 9, 2024. The trading of HCWC's stock commenced on the NYSE American under the symbol "HCWC" on September 16, 2024. Furthermore, HCWC secured $13.25 million in equity financing from investors previously involved with HCMC's Series E Preferred Stock. The document outlines HCWC's business model focusing on providing healthier daily choices through its subsidiaries, which include various natural and organic grocery stores.

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