Healthy Choice Wellness Corp. has announced the completion of their initial public offering (IPO) of 400,000 shares at $10.00 per share, which resulted in net proceeds of approximately $3.55 million after expenses, excluding other offering costs. This offering also included an additional 45-day option for underwriters to purchase up to 60,000 more shares. The IPO closely followed the company's spin-off from Healthier Choices Management Corp., where shareholders received shares in the new entity. The shares commenced trading on the NYSE American under the symbol "HCWC." The company also entered into an underwriting agreement with Maxim Group LLC and other underwriters, and certain lock-up agreements restrict the sale of stock by company executives and the issuance of new shares by the company for a period of six months.
List of proper names mentioned: - Healthy Choice Wellness Corp. - Healthier Choices Management Corp. - NYSE American - Maxim Group LLC - Jeffrey E. Holman