Healthier Choices Management Corp. Enters Loan Agreement
Ticker: HCMC · Form: 8-K · Filed: May 23, 2024 · CIK: 844856
Sentiment: neutral
Topics: debt, financing, material-agreement
Related Tickers: HCMC
TL;DR
HCMC just signed a loan agreement, creating a new financial obligation.
AI Summary
On May 16, 2024, Healthier Choices Management Corp. entered into a material definitive agreement, specifically a loan agreement with an unnamed lender. This agreement creates a direct financial obligation for the company. The filing also includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates Healthier Choices Management Corp. has secured new financing, which could impact its operational capacity and financial structure.
Risk Assessment
Risk Level: medium — Entering into new debt agreements can introduce financial risk, especially if the terms are unfavorable or the company's ability to repay is uncertain.
Key Players & Entities
- Healthier Choices Management Corp. (company) — Registrant
- May 16, 2024 (date) — Date of earliest event reported
- 3800 N. 28th Way, Hollywood, FL 33020 (location) — Business Address
FAQ
What is the principal amount of the loan agreement?
The filing does not specify the principal amount of the loan agreement.
Who is the lender in this material definitive agreement?
The filing does not disclose the identity of the lender.
What are the key terms and conditions of the loan agreement?
The filing does not provide details on the specific terms and conditions of the loan agreement.
What is the purpose of this new financial obligation for Healthier Choices Management Corp.?
The filing does not state the specific purpose for which the loan was obtained.
When was the loan agreement officially entered into?
The loan agreement was entered into on May 16, 2024, which is the earliest event reported in the filing.
Filing Stats: 564 words · 2 min read · ~2 pages · Grade level 9.8 · Accepted 2024-05-23 09:30:07
Key Financial Figures
- $5.0 million — C and the Lender, HCWC may borrow up to $5.0 million to be used for general working capital
Filing Documents
- form8-k.htm (8-K) — 39KB
- ex10-1.htm (EX-10.1) — 25KB
- 0001493152-24-021105.txt ( ) — 236KB
- hcmc-20240516_lab.xml (EX-101.LAB) — 33KB
- hcmc-20240516_pre.xml (EX-101.PRE) — 22KB
- hcmc-20240516.xsd (EX-101.SCH) — 3KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HEALTHIER CHOICES MANAGEMENT CORP. Date: May 22, 2024 By: /s/ Jeffrey Holman Jeffrey Holman, Chief Executive Officer