Better Choice Company (BTTR, Financial) has successfully completed its merger with SRx Health Solutions. This strategic business combination marks a significant step forward for the company as it aims to establish itself as a prominent global entity in the health and wellness industry, focusing on enhanced offerings for pets, individuals, and families.
In conjunction with this merger, Better Choice has also secured a private placement with an institutional investor, raising $8.8 million. The transaction involves the sale of 4,036,697 shares of common stock and pre-funded warrants, priced at $2.18 per share. The company will utilize these funds to further its strategic initiatives, keeping in mind the offering expenses associated with the deal.
As part of the merger agreement, Better Choice will issue 28.6 million shares of common stock, solidifying its position in the industry. In line with these developments, the company will undergo a rebranding process, adopting the new legal name "SRx Health Solutions Inc." The transition will also include a change in its stock ticker from "BTTR" to "SRXH," effective from Wednesday, April 30, 2025.
