HEALWELL AI Announces Upsize in Bought Deal Offering to $55 Million

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TORONTO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- HEALWELL AI Inc. (“HEALWELL” or the “Company”) (TSX: AIDX) (OTCQX:HWAIF), a data science and AI company focused on preventative care, is pleased to announce that it has entered into an amended agreement pursuant to which Eight Capital and Scotiabank, as lead underwriters and joint bookrunners, together with a syndicate of underwriters (collectively, the “Underwriters”), will purchase, by way of a private placement on a “bought deal” basis (i) 12,500,000 subscription receipts of the Company (the “Subscription Receipts”),at a price of $2.00 per Subscription Receipt (the “Subscription Receipt Issue Price”); and (ii) 31,250 convertible debentures of the Company (the “Convertible Debentures”) at a price per Convertible Debenture of $960, for aggregate gross proceeds of $55,000,000.

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