HealthLynked Announces $2
Million
Registered Direct Offering
NAPLES, FL --
August 27, 2021 --
InvestorsHub NewsWire -- HealthLynked, Corp. (OTCQB:HLYK)
("HealthLynked" or the "Company"),
a global healthcare network focused on care management of its
members and a provider of healthcare technologies that connects
doctors, patients, and medical data, today announced
that it has entered into a securities purchase agreement
with an
institutional
investor for the purchase and sale, in a registered direct
offering, of 3,703,704
shares of
its common stock at a purchase price of $0.54
per share
for gross proceeds of $2,000,000.
The Company has also agreed to issue to the investor unregistered
warrants to purchase up to an aggregate of 1,851,852
shares of
common stock. The offering is expected to close on or about
August
31, 2021, subject to
satisfaction of customary closing conditions.
The Company intends
to use the net proceeds from the registered direct offering for
general working capital purposes.
H.C. Wainwright &
Co. is acting as the exclusive placement agent for the
offering.
The warrants have an
exercise price equal to $0.65
per
share, are exercisable immediately upon issuance and will expire
five years from the issuance date.
The shares of common
stock described above (but not the warrants or the common shares
underlying the warrants) are being offered and sold by the Company
in a registered direct offering pursuant to a "shelf" registration
statement on Form S-3 (File No. 333-255371), including a base
prospectus previously filed with the Securities and Exchange
Commission (the "SEC"), which was declared effective on April 26,
2021. The offering of the shares of common stock is being made only
by means of a prospectus supplement that forms a part of the
effective registration statement. A final prospectus supplement and
the accompanying base prospectus relating to the shares of common
stock being offered in the registered direct offering will be filed
with the SEC and will be available on the SEC's website located at
http://www.sec.gov. Electronic copies of the
final prospectus supplement and the accompanying base prospectus
may also be obtained, when available, from H.C. Wainwright &
Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by
phone at (212) 856-5711 or e-mail at placements@hcwco.com.
The warrants
described above were offered in a private placement under Section
4(a)(2) of the Securities Act of 1933, as amended (the "Act"), and
Regulation D promulgated thereunder and, along with the shares of
common stock underlying the warrants, have not been registered
under the Act, or applicable state securities laws. Accordingly,
the warrants and the underlying shares of common stock may not be
offered or sold in the United States except pursuant to an
effective registration statement or an applicable exemption from
the registration requirements of the Act and such applicable state
securities laws.
This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer, solicitation
or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About
HealthLynked
HealthLynked Corp. provides a solution for both patient members and
providers to improve healthcare through the efficient exchange of
medical information. The HealthLynked Network is a cloud-based
platform that allows members to connect with their healthcare
providers and take more control of their healthcare. Members enter
their medical information, including medications, allergies, past
surgeries, and personal health records, in one convenient online
and secure location, free of charge. Participating healthcare
providers can connect with their current and future patients
through the system. Benefits to in-network providers include the
ability to utilize the HealthLynked patent-pending patient access
hub "PAH" for patient analytics. Other benefits for preferred
providers include HLYK marketing tools to connect with their active
and inactive patients to improve patient retention, access more
accurate and current patient information, provide more efficient
online scheduling, and to fill last-minute cancelations using the
Company's "real-time appointment scheduling" all within its mobile
application. Preferred providers pay a monthly fee to access these
HealthLynked services. For additional information about
HealthLynked Corp., please visit www.healthlynked.com and
connect with HealthLynked on Twitter, Facebook, and
LinkedIn.
Forward-Looking
Statements
Forward-Looking
Statements in this press release, which are not historical facts,
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These
statements include, among
others, statements regarding the consummation of the registered
direct offering, the satisfaction of customary closing conditions
related to the registered direct offering and the intended use of
net proceeds from the registered direct offering.
In some
cases, you can identify forward-looking statements by the use of
words such as "may," "could," "expect," "intend," "plan," "seek,"
"anticipate," "believe," "estimate," "predict," "potential,"
"continue," "likely," "will," "would" and variations of these terms
and similar expressions, or the negative of these terms or similar
expressions. Such forward-looking statements are necessarily based
upon estimates and assumptions that, while considered reasonable by
our management, and us are inherently uncertain. We caution you not
to place undue reliance on any forward-looking statements, which
are made as of the date of this press release. We undertake no
obligation to update publicly any of these forward-looking
statements to reflect actual results, new information or future
events, changes in assumptions or changes in other factors
affecting forward-looking statements, except to the extent required
by applicable laws. If we update one or more forward-looking
statements, no inference should be drawn that we will make
additional updates with respect to those or other forward-looking
statements. Certain risks and uncertainties applicable to our
operations and us are described in the "Risk Factors" section of
our most recent Annual Report on Form 10-K and in other filings we
have made with the U.S. Securities and Exchange Commission. These
reports are publicly available at www.sec.gov.
Contacts:
George
O'Leary
Chief
Financial Officer
goleary@healthlynked.com
(800)-928-7144, ext.
103
William
Hayde
Capital
Markets Strategist
bhayde@healthlynked.com
(631)-403-4337
Investor
Relations Contacts:
Jim
Hock
Hanover
International Inc.
jh@hanoverintlinc.com
(760)-564-7400
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