SRx Health Solutions, Inc. (formerly known as Better Choice Company Inc.) Announces Halo Spin-Out Distribution for Stockholders of Record as of April 23, 2025
SRx Health Solutions Inc (NYSE American: BTTR) has announced a significant stock distribution plan known as the 'Spin-Out Distribution.' Record stockholders as of April 23, 2025, will receive one share of Halo Spin-Out SPV Inc's Class A Common Stock for each share of company stock they own. The distribution is payable on April 25, 2025.
Halo SPV holds 17% of the issued and outstanding capital stock of Halo, Purely for Pets, Inc., a Delaware and subsidiary of the Company. This distribution is part of a larger business combination transaction between the Company and SRx Health Solutions, Inc. (Canada), which was completed on April 24, 2025.
The company will begin trading under its new name and ticker symbol 'SRXH' on the NYSE American starting April 30, 2025.
SRx Health Solutions Inc (NYSE American: BTTR) ha annunciato un importante piano di distribuzione azionaria chiamato 'Spin-Out Distribution'. Gli azionisti registrati al 23 aprile 2025 riceveranno una azione di Halo Spin-Out SPV Inc Classe A per ogni azione posseduta della società. La distribuzione sarà effettuata il 25 aprile 2025.
Halo SPV detiene il 17% del capitale sociale emesso e in circolazione di Halo, Purely for Pets, Inc., una società del Delaware e controllata della Società. Questa distribuzione fa parte di una più ampia operazione di combinazione aziendale tra la Società e SRx Health Solutions, Inc. (Canada), completata il 24 aprile 2025.
La società inizierà a negoziare con il nuovo nome e il simbolo ticker 'SRXH' sul NYSE American a partire dal 30 aprile 2025.
SRx Health Solutions Inc (NYSE American: BTTR) ha anunciado un importante plan de distribución de acciones denominado 'Spin-Out Distribution'. Los accionistas registrados al 23 de abril de 2025 recibirán una acción de Halo Spin-Out SPV Inc Clase A por cada acción que posean de la compañía. La distribución se pagará el 25 de abril de 2025.
Halo SPV posee el 17% del capital social emitido y en circulación de Halo, Purely for Pets, Inc., una empresa de Delaware y subsidiaria de la Compañía. Esta distribución forma parte de una transacción mayor de combinación empresarial entre la Compañía y SRx Health Solutions, Inc. (Canadá), que se completó el 24 de abril de 2025.
La compañía comenzará a cotizar bajo su nuevo nombre y símbolo bursátil 'SRXH' en NYSE American a partir del 30 de abril de 2025.
SRx Health Solutions Inc (NYSE American: BTTR)는 'Spin-Out Distribution'으로 알려진 주요 주식 배분 계획을 발표했습니다. 2025년 4월 23일 기준 주주들은 자신이 보유한 회사 주식 1주당 Halo Spin-Out SPV Inc의 클래스 A 보통주 1주를 받게 됩니다. 배분은 2025년 4월 25일에 지급됩니다.
Halo SPV는 델라웨어 소재 자회사인 Halo, Purely for Pets, Inc.의 발행 주식 중 17%를 보유하고 있습니다. 이 배분은 2025년 4월 24일 완료된 회사와 캐나다 SRx Health Solutions, Inc. 간의 대규모 사업 결합 거래의 일부입니다.
회사는 2025년 4월 30일부터 NYSE American에서 새로운 이름과 티커 심볼 'SRXH'로 거래를 시작할 예정입니다.
SRx Health Solutions Inc (NYSE American : BTTR) a annoncé un plan important de distribution d'actions appelé « Spin-Out Distribution ». Les actionnaires inscrits au 23 avril 2025 recevront une action de Halo Spin-Out SPV Inc de catégorie A pour chaque action de la société qu'ils détiennent. La distribution sera versée le 25 avril 2025.
Halo SPV détient 17 % du capital social émis et en circulation de Halo, Purely for Pets, Inc., une société du Delaware et filiale de la Société. Cette distribution fait partie d’une opération plus large de regroupement d’affaires entre la Société et SRx Health Solutions, Inc. (Canada), finalisée le 24 avril 2025.
La société commencera à être cotée sous son nouveau nom et le symbole boursier « SRXH » sur le NYSE American à partir du 30 avril 2025.
SRx Health Solutions Inc (NYSE American: BTTR) hat einen bedeutenden Aktienverteilungsplan namens 'Spin-Out Distribution' angekündigt. Aktionäre, die am 23. April 2025 im Aktienregister eingetragen sind, erhalten für jede gehaltene Aktie eine Aktie der Klasse A von Halo Spin-Out SPV Inc. Die Ausschüttung erfolgt am 25. April 2025.
Halo SPV hält 17 % des ausgegebenen und ausstehenden Kapitals von Halo, Purely for Pets, Inc., einem Unternehmen aus Delaware und einer Tochtergesellschaft der Gesellschaft. Diese Ausschüttung ist Teil einer größeren Unternehmenszusammenschluss-Transaktion zwischen der Gesellschaft und SRx Health Solutions, Inc. (Kanada), die am 24. April 2025 abgeschlossen wurde.
Das Unternehmen wird ab dem 30. April 2025 unter dem neuen Namen und dem Börsenkürzel 'SRXH' an der NYSE American gehandelt.
- 1:1 stock distribution of Halo SPV shares to existing shareholders
- Completion of business combination with SRx Health Solutions
- Distribution to only 17% ownership stake in Halo, Purely for Pets subsidiary
TAMPA, Fla., April 25, 2025 (GLOBE NEWSWIRE) -- SRx Health Solutions, Inc. (formerly known as Better Choice Company Inc.) (NYSE American: BTTR) (the “Company”), a leading global health and wellness company, today announced that it will distribute (the “Spin-Out Distribution”) to its stockholders of record as of Tuesday, April 23, 2025 (the “Record Stockholders”) one share of Class A Common Stock, par value
The Spin-Out Distribution is a component of the previously announced business combination transaction between the Company and SRx Health Solutions, Inc. (Canada) which was consummated yesterday, Thursday, April 24, 2025.
The Company’s new name and new ticker symbol, “SRXH,” will take effect on the NYSE American on Tuesday, April 30, 2025.
About SRx Health Solutions, Inc.
SRx Health Solutions Inc. is an integrated Canadian healthcare services provider that operates within the specialty healthcare industry. The SRx network extends across all ten Canadian provinces, making it one of the most accessible providers of comprehensive, integrated, and customized specialty healthcare services in the country. SRx combines years of industry knowledge, technology, and patient-centric focus to create strategies and solutions that consistently exceed client expectations and drive critical patient care initiatives aimed to improve the wellness of Canadians. For more information on SRx Health Solutions Inc., please visit www.srxhealth.ca.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Further information on the Company’s risk factors is contained in our filings with the SEC. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Company Contact:
SRx Health Solutions, Inc.
Kent Cunningham, CEO
Investor Contact:
KCSA Strategic Communications
Valter Pinto, Managing Director
T: 212-896-1254
Valter@KCSA.com
FAQ
What is the Halo Spin-Out Distribution ratio for BTTR shareholders?
When will BTTR stock begin trading as SRXH on NYSE American?
What percentage of Halo, Purely for Pets does the Spin-Out SPV hold?
When is the payable date for BTTR's Halo Spin-Out Distribution?
