Is There Support Here? Healthier Choices Management Corp. (OTCMKTS:HCMC)Extends Expiry Date for RO

Healthier Choices Management Corp. (OTCMKTS:HCMC) is one of the most active stocks and falling hard this morning, adding to yesterday’s fall.

Market Action

As of 10:24, HCMC stock slid 7.14% to $0.0012. The stock is trading very high volume with more than 1.32 billion shares already taded, well above its average volume of 292.41 million shares. The stock has moved within a range of $ 0.0012 – 0.0014 after opening the trade at $0.0014.

Healthier Choices Management Corp. Announces Extension of Expiration Date for its Rights Offering to June 10, 2021

announced today that it has extended the expiration date (the “Expiration Date”) of its Rights Offering from June 3, 2021 to June 10, 2021.

• HCMC has received reports that some brokers and custodians established internal “cut-off” dates that were earlier than the Expiration Date that their clients did not know about. Many of our international stockholders, as well as some U.S. stockholders, were informed by their brokers and online trading platforms that they were imposing a cutoff date as early as May 28, 2021 to have successfully submitted subscription forms and payments to participate in HCMC’s Rights Offering.
• Consequently, the HCMC Board of Directors has determined to extend the Expiration Date to allow all stockholders, both international and domestic alike, additional time through June 10, 2021 to exercise their subscription rights. The extension of the Rights Offering does not require that the holders of subscription rights who have already subscribed to purchase shares under the Rights Offering take any action. All other terms and conditions of the Rights Offering remain the same as previously announced.

Jeffrey Holman, CEO of HCMC, commented, “We have received significant positive feedback regarding the Rights Offering. In addition, we have received a flood of communications in the last 2 days expressing concerns about stockholders having insufficient time to submit their subscription materials due to the short time frames resulting from submission deadlines set by their brokers, trading platforms and custodians. Accordingly, we have concluded to push back the Expiration Date of the Rights Offering to June 10, 2021 to provide all stockholders additional time to participate.”