HealthLynked Announces
Closing of
$2
Million
Registered Direct Offering
NAPLES, FL -- August 31, 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 the closing of
its previously announced registered direct offering of 3,703,704
shares of its common stock at a purchase price of $0.54 per share.
The gross proceeds to the Company were approximately $2 million,
before deducting the placement agent's fees and other offering
expenses payable by the Company. In a concurrent private placement,
the Company also issued to the investor in the offering
unregistered warrants to purchase up to an aggregate of 1,851,852
shares of common stock. 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 Company intends to use the net proceeds from the registered
direct offering for general working capital purposes.
H.C. Wainwright & Co acted as the exclusive placement agent
for the offering.
The shares of common stock described above (but not the warrants
or the common shares underlying the warrants) were 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 was
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 offered in the registered direct offering was filed
with the SEC and is 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 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 resold 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 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