Wellgistics Health, Inc. 8-K

What Happened
Wellgistics Health, Inc. (through its wholly owned subsidiary Wellgistics, LLC) announced it entered an Acknowledgment of Indebtedness, Forbearance and Repayment Agreement with Marco Capital, Inc. on May 1, 2026. The company acknowledged approximately $1.77 million in outstanding obligations under a November 22, 2024 loan and obtained a temporary forbearance of certain lender remedies through June 15, 2026. Management members Prashant Patel and Eric Sherb reaffirmed guaranty and related obligations under the agreement.

Key Details

• Outstanding principal acknowledged: approximately $1.77 million.
• Repayment terms during forbearance: bi‑weekly payments of $50,000 beginning May 5, 2026.
• Forbearance period: temporary relief through June 15, 2026, subject to agreement conditions.
• Interest rate: accrues at Term SOFR plus 11.5% per year starting May 5, 2026. A portion of net proceeds from any future financings during the forbearance period may be required to repay the loan depending on thresholds in the agreement.

Why It Matters
The agreement gives the company short‑term breathing room by pausing certain lender remedies while imposing a clear repayment schedule and a high variable interest rate. Investors should note the immediate cash flow obligation from the bi‑weekly $50K payments and potential diversion of financing proceeds to repay the loan, both of which could affect liquidity and the company’s ability to fund operations or growth until the underlying loan is resolved.