Trxade Group (NASDAQ: MEDS) (OTCQB: TRXD), an integrated
drug procurement, delivery and healthcare platform that enables price
transparency and increased profit margins to healthcare buyers and sellers of
pharmaceuticals, this morning announced that its common stock will today begin
trading on the Nasdaq Capital Market under the new symbol ‘MEDS’. In connection
with the company’s uplisting, Trxade’s common stock will cease trading on the
OTCQB. In addition, Trxade Group also announced the pricing of a firm
commitment public offering of 806,452 shares of its common stock at a price to
the public of $6.50 per share. Trxade Group granted a 45-day option to the
underwriters to purchase up to an additional 120,967 shares of common stock to
cover overallotments, if any. Trxade Group expects to secure gross proceeds of
$5.2 million from the sale of common stock in the offering, which is expected
to close on or about February 18, 2020, subject to customary conditions.
To view the full press release, visit http://ibn.fm/XFKHt
About Trxade Group, Inc.
Headquartered in Tampa, Florida, Trxade Group, Inc. (NASDAQ:
MEDS) is an integrated drug procurement, delivery and healthcare platform that
enables price transparency and increased profit margins to healthcare buyers
and sellers of pharmaceuticals. Founded in 2010, Trxade Group is comprised of
three synergistic operating platforms; the Trxade B2B trading platform with
11,900 registered pharmacies, licensed virtual Wholesale and Mail Order
Pharmacy delivery capabilities using DelivMeds app. For additional information,
please visit www.Trxade.com.
NOTE TO INVESTORS: The latest news and updates
relating to TRXD are available in the company’s newsroom at http://ibn.fm/TRXD
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