Ft. Lauderdale, Florida, Dec. 23, 2019 (GLOBE NEWSWIRE) -- eWellness Healthcare Corporation (“EWLL”, the Company”), a provider of the state of the art PHZIO platform for the physical therapy (“PT”) and telehealth markets announced last week that the Company plans to allow its common stockholders to be able to exchange up to $1.2 million worth of common stock into the Perpetual Preferred Stock offering on a pari-passu basis. The exchange ratio will be set on the day of the first closing of the Perpetual Preferred Stock offering. The present market capitalization of the Company is approximately $500,000. Based upon the current market capitalization, this implies that the current shareholders could exchange into an instrument that is more than 2x the present market capitalization of the company’s common stock. We are optimistic that the Preferred Units will be well received by the investment community.
eWellness Discusses Value Proposition for Common Stockholders to Participate in the New Registered Offering of Perpetual Preferred Stock with Proceeds to Retire Convertible Notes & Provide Additional Working Capital
Dec 23, 2019
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