Wellgistics Health Files S-1/A Amendment

TL;DR

Wellgistics Health (fka Danam Health) filed S-1/A. IPO incoming?

AI Summary

Wellgistics Health, Inc. (formerly Danam Health, Inc.) filed an amendment (S-1/A) on October 21, 2024, for its registration statement. The company, incorporated in Delaware, is based in Tampa, FL, and operates in the wholesale drug proprietaries and druggists' sundries sector. This filing relates to its public offering under the Securities Act of 1933.

Why It Matters

This S-1/A filing indicates Wellgistics Health is moving forward with its public offering, which could provide capital for growth and increase the company's visibility in the market.

Risk Assessment

Risk Level: medium — As a company undergoing an IPO, there is inherent risk associated with market reception and future performance.

Key Numbers

• 333-280945 — SEC File Number (Identifies the registration statement with the SEC.)
• 20241021 — Filing Date (The date this amendment was filed with the SEC.)

Key Players & Entities

• Wellgistics Health, Inc. (company) — Registrant
• Danam Health, Inc. (company) — Former company name
• 3000 Bayport Drive Suite 950 Tampa, FL 33607 (location) — Principal executive offices address
• 844-203-6092 (phone_number) — Registrant's telephone number
• Timothy Canning (person) — Agent for service
• Kate L. Bechen (person) — Copies to counsel
• Louis D. Kern (person) — Copies to counsel
• Dykema Gossett PLLC (company) — Counsel for registrant
• Ross David Carmel, Esq. (person) — Copies to counsel
• Thiago Spercel (person) — Copies to counsel

FAQ

Key Financial Figures

• $0.001 — o; refer to the common stock, par value $0.001 per share, of Wellgistics Health, Inc.

Filing Documents

• forms-1a.htm (S-1/A) — 3197KB
• ex10-11.htm (EX-10.11) — 52KB
• ex23-1.htm (EX-23.1) — 4KB
• logo_001.jpg (GRAPHIC) — 33KB
• formdrs_003.jpg (GRAPHIC) — 148KB
• formdrs_015.jpg (GRAPHIC) — 248KB
• formdrs_016.jpg (GRAPHIC) — 216KB
• formdrs_002.jpg (GRAPHIC) — 474KB
• 0001493152-24-041640.txt ( ) — 4796KB

Underwriting

Underwriting discount (1) $ $ Proceeds, before expenses, to us (2) $ $ (1) We have agreed to pay the representative a discount equal to 7% of the gross proceeds of the Offering. For a description of the other compensation to be received by the representative, see “ Underwriting ” beginning on page 99. (2) Excludes fees and expenses payable to the underwriters and other expenses of this Offering. The underwriters are offering the units on a firm commitment basis and expects to deliver the Common Stock to purchasers on or about [], 2024. Craft Capital Management LLC EF Hutton LLC The date of this prospectus is [], 2024 TABLE OF CONTENTS Page ABOUT THIS PROSPECTUS 1 MARKET AND INDUSTRY DATA 1 FREQUENTLY USED TERMS 2 PROSPECTUS SUMMARY 5 THE OFFERING 9 RISK FACTORS 10 CAUTIONARY 41 USE OF PROCEEDS 42 DIVIDEND POLICY 43 CAPITALIZATION 44

DILUTION

DILUTION 45 SELECTED FINANCIAL DATA 46 UNAUDITED PRO FORMA COMBINED FINANCIAL INFORMATION 47 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF WELLGISTICS HEALTH, INC. 51 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF WELLGISTICS, LLC 56

BUSINESS

BUSINESS 63 MANAGEMENT 81 EXECUTIVE COMPENSATION 86 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 88 PRINCIPAL STOCKHOLDERS 90 DESCRIPTION OF CAPITAL STOCK 91 SHARES ELIGIBLE FOR FUTURE SALE 94 MATERIAL UNITED STATES FEDERAL INCOME TAX CONSEQUENCES 95

UNDERWRITING

UNDERWRITING 99 LEGAL MATTERS 103 EXPERTS 103 WHERE YOU CAN FIND MORE INFORMATION 103 INDEX TO FINANCIAL STATEMENTS F-1 DEALER PROSPECTIVE DELIVERY OBLIGATION Until [ ], all dealers that effect transactions in these securities, whether or not participating in this Offering, may be required to deliver a prospectus. This is in addition to the dealers’ obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions. i ABOUT THIS PROSPECTUS You should rely only on the information contained in this prospectus or in any related free-writing prospectus. We and the underwriters have not authorized anyone to provide you with information or to make any representations other than contained in this prospectus, any post-effective amendment, or any applicable prospectus supplement prepared by or on behalf of us or to which we have referred you. We and the underwriters take no responsibility for and can provide no assurance as to the reliability of any other information that others may give you. If anyone provides you with different or inconsistent information, you should not rely on it. You should assume that the information appearing in this prospectus, any post-effective amendment, and any applicable prospectus supplement to this prospectus is accurate only as of the date on its respective cover. Our business, financial condition, results of operations and prospects may have changed since those dates. We are not making an offer to sell our Common Stock in any jurisdiction where the offer or sale thereof is not permitted. You should not assume that the information appearing in this prospectus any post-effective amendment, and any applicable prospectus supplement to this prospectus is accurate as of any date other than their respective dates. Our business, financial condition, results of operations and prospects may have changed since those dates. You should read carefully the entirety of t

View Full Filing

View this S-1/A filing on SEC EDGAR