Why Healthier Choice Management Corp (HCMC) stock Jumped 45% Recently?

The Healthier Choice Management Corp (OTCMKTS:HCMC) stock has got a fair share of attention over the course of the past week and has clocked impressive gains so far. Since last Friday, the stock has managed to deliver gains of as much as 45%.

Why Healthier Choice Management Corp (HCMC) stock Jumped 45% Recently?

In this situation, it could be a good move for investors to perhaps take a closer look.

Earlier in the week, the company announced that it submitted a Form S-1 registration statement to the United States Securities and Exchange Commission with regards to a rights offering.

As per the prospectus with regards to the rights offering, investors will be able to acquire 1 common share in Healthier Choices at a reduced rate for each block of 4 shares held.

Investors will be able to buy the common shares at a 25% rebate on the weighted average of the stock price for five consecutive days of trading on the OTC Markets up until the expiry date of the rights offering.

Alex Krakowsky

Editor in Chief.Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life