All new shares issued through the open offer were distributed on 24.06.2021 to the subscribed participants.
Due to a change in the distribution conditions on our intermediary end, the investors received shares for the full value of their blocked funds, but in order to reflect the actual subscription price ($0.001) amendment to the ratio of old/new shares and an x1.425 increase in new shares to be received, has been set in place.
More information can be found in the initial prospectus of the open offer.
On the 19th of May, Healthier Choices Management Corp. (HCMC) commenced the subscription period of its open offer as part of its capital raise.
What are the requirements for participating in the rights issue by the HCMC shareholders?
For every 4 existing shares of HCMC held before the market open on the 17th of May, its holders are entitled to 1 subscription right and 1 right is required to subscribe for 1 New Share. To be able to participate in the corporate event, shareholders should ensure they hold the required funds to do so.
What will be the price for a subscription?
The estimated price for a subscription per share is $0.001425.
Actual price for subscription will be the VWAP (Volume-Weighted Average Price) of the last 5 days of the official subscription period* discounted by 25%. Once the actual price is known and new shares distributed, refunds will be issued to cover the difference between the actual and estimated price.
What is the deadline for participating?
The deadline for participating is the 8th of June.
When will the newly issued shares be distributed?
The date for allocation of newly issued shares is yet to be disclosed.
Can I opt-out from participating once I have subscribed to the event?
No. Once the decision is applied, the action is non-reversible.
*The official subscription period is until the 10th of June.