TRxADE HEALTH Announces Termination of Public Offering of Common Stock

Author's Avatar
Aug 24, 2022

LUTZ, FL / ACCESSWIRE / August 24, 2022 / TRxADE HEALTH, INC. (NASDAQ:MEDS) ("TRxADE" or the "Company"), a health services IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey and patient engagement in the U.S., today announced that it has terminated the proposed underwritten public offering previously announced on August 23, 2022. The termination results from an assessment by the Company's management that current market conditions are not conducive for an offering on terms that would be in the best interests of the Company's stockholders. As a result of such termination, no shares of common stock will be sold pursuant to the offering.