FIRST CHOICE HEALTHCARE SOLUTIONS, INC. (OTCMKTS:FCHS) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02 Unregistered Sales of Equity Securities.
On March 1, 2018 (the “Closing Date”), to a Stock Purchase Agreement, dated as of February 6, 2018 (the “Purchase Agreement”), for the consideration of $7,500,000, we sold and issued, as permitted under the Purchase Agreement, to Steward Physician Contracting, Inc. (“SPC”), an indirect subsidiary of the Purchaser (as defined in the Purchase Agreement, and together with SPC, “Steward”), 5,000,000 shares (the “Shares”) of the common stock, par value $0.001 per share (the “Common Stock”), of the Company. Additionally, to the Purchase Agreement, we agreed that, upon demand from Steward after the six month anniversary of the Closing Date, we shall use our reasonable best efforts to prepare and file with the Securities and Exchange Commission, a registration statement and such other documents as may be necessary in the advice of counsel for the Company, and use our commercially reasonable efforts to have such registration statement declared effective in order to comply with the provisions of the Securities Act of 1933, as amended (the “Securities Act”), so as to permit the registered resale of the Shares.
We believe that the sale and issuance of the Shares were exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, as the sale and issuance is a transaction by an issuer not involving any public offering.
Item 9.01 Financial Statements and Exhibits
(d)Exhibits:
| Exhibit No. | Description |
| 10.1 | Stock Purchase Agreement dated as of February 6, 2018 by and between First Choice Healthcare Solutions, Inc. and Steward Health Care System LLC. [Incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K (Date of Report: February 6, 2018), filed with the SEC on February 8, 2018.] |
First Choice Healthcare Solutions, Inc. ExhibitEX-10.1 2 ex10_1.htm EXHIBIT 10,…To view the full exhibit click here
About FIRST CHOICE HEALTHCARE SOLUTIONS, INC. (OTCMKTS:FCHS)
First Choice Healthcare Solutions, Inc. is focused on building a network of localized, integrated healthcare systems, which consists of non-physician-owned medical centers of excellence. The medical centers of excellence concentrate on treating patients in various specialties, including Orthopedics, Spine Surgery, Neurology, Interventional Pain Management, and related diagnostic and ancillary services in markets throughout the Southeastern United States. The Company operates in healthcare services and real estate segments through its subsidiaries. It utilizes advanced diagnostic technologies coupled with the individualized care, including trigger point injections and pharmacological, physical, neurological, orthopedic, chiropractic and massage therapy treatments. First Choice Medical Group of Brevard, LLC’s leases commercial office space to tenants. Marina Towers, LLC has leased back the Marina Towers via a 10-year absolute triple-net master lease agreement. FIRST CHOICE HEALTHCARE SOLUTIONS, INC. (OTCMKTS:FCHS) Recent Trading Information
FIRST CHOICE HEALTHCARE SOLUTIONS, INC. (OTCMKTS:FCHS) closed its last trading session 00.00 at 1.39 with shares trading hands.
