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Wellgistics Health Announces Lock-Up Agreement with Holders of a Majority of its Common Stock

  • Wellgistics Health, Inc. (NASDAQ: WGRX) announced that holders of 1,333,930 common shares representing a majority of outstanding shares have entered into a lock-up agreement.
  • The agreement precludes the sale of these shares into the market for a minimum of 90 days.
  • Interim Co-CEO Gerald Commissiong stated the move, combined with recent convertible liability restructuring & new funding, reflects shareholder confidence in the company's vertically-integrated growth plan.
  • Wellgistics integrates its AI platform EinsteinRx™ into its blockchain-based PharmacyChain™ to connect over 6,500 pharmacies & 200+ manufacturers for services including digital routing, direct-to-patient delivery, & AI-powered hub services.
  • The press release includes standard forward-looking statement disclaimers regarding risks such as execution of the growth plan, financing, & regulatory compliance.