Item 1.01 Entry into a Material Definitive Agreement. On May 16, 2024, Healthier Choices Management Corp. (“HCMC”) previously agreed to a revolving line of credit with a private lender (the “Lender” and together with HCMC, the “Parties”).…
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Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement.
On
May 16, 2024, Healthier Choices Management Corp. (“HCMC”) previously agreed to a revolving line of credit with a private
lender (the “Lender” and together with HCMC, the “Parties”). Pursuant to the terms of that certain Commitment
Letter (“Commitment Letter”), dated May 16, 2024, between HCWC and the Lender, HCWC could borrow up to $5.0 million to be
used for general working capital purposes.
On
March 27, 2026, this Commitment Letter was terminated pursuant to a letter agreement between the Parties (the “Termination Letter”).
The
foregoing summary of the Facility is not complete and is qualified in its entirety by reference to the actual Termination Letter, which
is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit Description
Number
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10.1 Letter Agreement, dated March 27, 2026, by and between HCMC and Hal Mintz
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)