NAPLES, Fla., July 19, 2018 (GLOBE NEWSWIRE) -- HealthLynked Corp. (OTCQB:HLYK), announced today that it has closed a
$2,000,000 private placement of common stock and warrants with an institutional investor. HealthLynked Corp. issued 3,900,000
shares of common stock, pre-funded warrants to purchase 4,100,000 shares of common stock, and warrants to purchase 8,000,000 shares
of common stock, plus additional warrants to purchase shares of common stock that may become exercisable following the registration
of the securities issued in the private placement. The capital was raised for the purpose of technology enhancement, sales and
marketing initiatives and for its planned acquisition strategy.
ThinkEquity, a division of Fordham Financial Management, Inc., acted as sole placement agent for the offering.
George O’Leary, HealthLynked’s Chief Financial Officer, stated: “This private placement allows us to implement
our acquisition strategy, which is to acquire health service businesses and offer physician owners cash, HLYK stock, and deferred
compensation. Currently we expect that acquisition targets have a practice size of at least $1 million in revenue and
demonstrate at least three current consecutive years of strong profitability. We intend to focus our acquisition efforts in the
state of Florida.”
The securities offered and sold by HealthLynked Corp. in the private placement were not registered under the Securities Act of
1933, as amended, or state securities laws and may not be offered or sold in the United States absent registration with the U.S.
Securities and Exchange Commission ("SEC") or an applicable exemption from such registration requirements. HealthLynked Corp. has
agreed to file a registration statement with the SEC covering the resale of the shares of common stock, including shares of common
stock issuable upon exercise of the warrants, to be issued in the private placement. Any resale of HealthLynked Corp. securities
under such resale registration statement will be made only by means of a prospectus.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful
prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About HealthLynked Corp.
HealthLynked Corp. provides a solution for both patient members and healthcare providers to improve healthcare through the
efficient exchange of medical information. The HealthLynked Network is a cloud-based platform that allows members to connect with
their healthcare providers and take control of their medical information. Members enter their medical information, including
medications, allergies, past surgeries and personal health records, in one convenient online and secure location, free of
charge.
Participating healthcare providers can connect with their current and future patients through the system. Other benefits to our
providers include the ability to utilize the HealthLynked marketing tools to connect with their active and inactive patients to
improve patient retention, access more accurate and current patient information, provide more efficient online scheduling, and to
fill last minute cancellations using our “real time appointment scheduling” mobile application. Healthcare providers pay a monthly
fee to access these HealthLynked services.
For additional information about HealthLynked Corp. visit www.healthlynked.com
Forward Looking Statements
This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of
1995, including but not limited to statements relating to the private placement and issuance of warrants; the acquisition
strategy; the expected criteria for acquisition target and the use of proceeds from the private placement. Our actual
results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In
some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,”
“seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these
terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are
necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently
uncertain. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this
press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new
information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to
the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we
will make additional updates with respect to those or other forward-looking statements. Forward looking statements are subject to
risks and uncertainties applicable to us and our operations, and some of these risks are described in our most recent Annual
Reports on Form 10-K or Quarterly Reports on Form 10-Q and in other filings with the U.S. Securities and Exchange Commission,
including the “Risk Factors” sections of these reports and filings. These reports are available to the public at www.sec.gov.
Company Contact:
George O’Leary
Chief Financial Officer
goleary@healthlynked.com
Investor Relations contact:
Jim Hock
Hanover International Inc.
Investor Relations
jh@hanoverinternationalinc.com
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