Host Digital Inc. (f/k/a Healthy Choice Wellness Corp.) (NYSE:HCWC) (the "Company" or "Host Digital") today announced the commencement of a proposed underwritten public offering of $17.5 million of shares of its Class A common stock, par value $0.001 (the "Common Stock"). In addition, the Company intends to grant the underwriters of the proposed offering a 30-day option to purchase up to an additional $2.6 million of shares of Common Stock. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. All of the shares of Common Stock to be sold in the proposed offering are to be offered by the Company.
The Company intends to use the net proceeds, if any, from the Offering for data center investments, general and administrative expenses, capital expenditures, working capital and other general corporate purposes.
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