Wellgistics Health Completes 1-for-50 Reverse Stock Split

Wellgistics Health completed a 1-for-50 reverse stock split of the Company's common stock, par value $0.00001 per share. The Reverse Split was approved by a majority of the stockholders of the Company on April 2, 2026. The Common Stock is now trading under a new CUSIP number. The Reverse Split legally took effect at 12:01 a.m. Eastern Time, on May 26, 2026. The Reverse Split is intended to increase the per share trading price of the Common Stock to enable the Company to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The 1-for-50 Reverse Split automatically converted every 50 previous shares of the Company's Common Stock into one share of Common Stock. No fractional shares were issued in connection with the Reverse Split. Any fractional share of Common Stock that would otherwise result from the Reverse Split was rounded up to the nearest whole share. The Reverse Split reduced the number of shares of outstanding Common Stock from approximately 125,671,251 to approximately 2,513,425 shares of Common Stock.