🔎 What This Document Is

This is a DEF 14C, or an Information Statement. Think of it as a formal "notice" or "fyi" letter to shareholders. The company isn't asking for your vote because a major decision has already been made by the majority owners. This document explains what was decided and why it matters to you.

👉 Key Point: No action is needed from you. This is for your information only.

🏢 What The Company Does

Wellgistics Health, Inc. (WGRX) is a company in the healthcare industry. While the filing doesn't detail their specific products, the name suggests a focus on health and wellness products or distribution.

👉 In simple terms, they are a business that needs to keep its stock price healthy to attract investors and fund growth.

🔄 The Big Decision: Reverse Stock Split

The Board of Directors and shareholders holding a majority of the stock have approved a reverse stock split. This is the core event announced in this filing.

• What it is: They will reduce the total number of outstanding shares. For every 25 to 200 shares you own, you will end up with 1 share after the split.
• The Range: The exact ratio (e.g., 1-for-50 or 1-for-100) will be chosen by the Board anytime within the next 12 months.
• Fractional Shares: If the split leaves you with a fraction of a share, they will round up to the nearest whole share if you started with at least one whole share. If you owned less than one share, it will be rounded down.

👉 Why it matters: A reverse split doesn't change the total value of your investment, but it increases the price per share. For example, a $0.20 stock that undergoes a 1-for-100 split becomes a $20 stock.

🎯 Why Are They Doing This?

The primary reason is to maintain its listing on the Nasdaq stock exchange. Nasdaq requires a minimum share price (often $1.00). Many smaller companies use reverse splits to meet this requirement and avoid being delisted to less regulated markets.

👉 The Strategic Signal: The company explicitly states that staying on Nasdaq is crucial for its future. It needs to raise capital to grow, and a higher stock price makes it easier to attract investors. Without this move, they warn they might struggle to fund operations.

📊 Who Owns the Company?

The filing lists major shareholders and insiders as of April 1, 2026.

• Top Insider Holders:
  • Brian Norton: 18.2M shares (15.1%) - Former CEO who resigned Oct 2025.
  • Suren Ajjarapu: 17.8M shares (14.8%)
  • Prashant Patel: 16.0M shares (13.3%) - Current President who resigned from officer/director roles in Aug 2025.
• All Directors & Officers Together: Own 44.9% of the company.
• Other Major Shareholder: Annapurna Gundlapalli Trust owns 8.9M shares (7.4%).

👉 This shows: The company has significant insider ownership, and recent leadership changes have occurred.

📅 What Happens Next & Logistics

• Timeline: The reverse split will become effective at least 20 days after this notice is mailed (on or about April 3, 2026).
• Exchange Process: Your broker or the company's transfer agent (Colonial Stock Transfer Company) will handle the exchange of your old shares for new ones. Do not send in your stock certificates yet. You will receive instructions later.
• Board's Discretion: Even though this is approved, the Board can still decide not to implement the split if they choose.

⚖️ Big Picture: Strengths & Risks

👍 Strength (The Plan): The move is proactive to meet listing requirements and support future fundraising for growth. It shows an understanding of capital market necessities.

⚠️ Risk (The Reality): Reverse splits are often a sign of a very low stock price. The company warns that failing to execute this could hurt its ability to raise money, potentially forcing it to scale back operations.

🧠 The Analogy

A reverse stock split is like exchanging four quarters for one dollar bill. You have fewer pieces of money in your pocket, but the total value is exactly the same. Companies do this because a single dollar bill can sometimes be taken more seriously in the business world than a handful of quarters.

📇 Key Contacts & People

• Prashant Patel, President
• Company Address: Wellgistics Health, Inc., 3000 Bayport Drive, Suite 950, Tampa, FL 33607
• Investor Phone: 844-203-6092
• Transfer Agent: Colonial Stock Transfer Company, Inc., 7840 S 700 E, Sandy, UT 84070

🧩 Final Takeaway

Wellgistics Health is executing a reverse stock split to boost its share price and stay on the Nasdaq exchange. This is a common but critical financial maneuver for struggling stocks to access the capital needed to grow. Shareholders don't need to do anything but should understand this signals a pivotal moment for the company's future.