Healthier Choices Mgmt Corp (HCMC)

[Migufar]

if you read the news correctly it states that was their obligation before this "Intention to Conduct Registered Exchange Offer for Outstanding Series A Warrants"

once the "Intention to Conduct Registered Exchange Offer for Outstanding Series A Warrants" is completed then

The terms of the Series B Warrants are expected to include the following features:
•Each Series B Warrant will be exercisable into one share of Vapor common stock at an exercise price per share of $0.01.
•The shares of Vapor common stock issuable upon exercise of the Series B Warrants will be registered for resale pursuant to a registration statement prior to issuance of the Series B Warrant.
•The Series B Warrants will expire on July 30, 2021 compared to the expiration date of July 23, 2020 for the Series A Warrants.
•Similar to the Series A Warrants, the Series B Warrants will contain a limitation under which exercise is not permitted to the extent that the holder or its affiliates would beneficially own in excess of 4.99% of the Company's outstanding common stock.

The Company expects to commence the exchange offer following the filing of a Form S-4 registration statement setting forth the terms of the exchange offer.


In addition, the Company announced today that it had repurchased in a negotiated transaction 2,835,560 Series A Warrants in exchange for $0.25 per Series A Warrant and a warrant to purchase common stock with an exercise price of $0.01 per share. Through this repurchase, the Company expects to save an additional $3.1 million in potential payment obligations to the former holders of these Series A Warrants.