Wellgistics Health Provides Mid-Year 2026 Corporate Outlook

• Focus is on closing DelivMeds AI transaction, driving pharmacy revenue growth and supporting PharmacyChain™, Medical Drones and Health Lives Here progress

• Recent capital raise provides capital into late 2026, including meeting criteria for DelivMeds AI transaction funding closing condition

Recent capital raise and debt restructuring preclude the Company from issuing shares for capital raising purposes until the earlier of seven (7) months from the transaction date and thirty (30) days after effectiveness of the resale registration statement covering the underlying securities.

Recent lock-up agreement to limit shares available for sale into the market

Exercise of warrants embedded in recent financing would provide funding through 2029

TAMPA, FL / ACCESS Newswire / June 1, 2026 / Wellgistics Health, Inc. ("Wellgistics") (NASDAQ:WGRX), a Health IT leader, integrating pharmacy dispensing AI platform EinsteinRx into patented pharmacy smart contracts platform PharmacyChain, today provided a mid-year 2026 corporate outlook. The Company intends to focus on closing the recently announced DelivMeds AI transaction, continuing to drive quarter-over-quarter growth through its Wellgistics Pharmacy business unit, and supporting the continued progress in the three key aspects of the DelivMeds AI transaction: PharmacyChain progress, Medical Drones implementation and Health Lives Here launch scheduled for the third quarter of 2026.

"The last two weeks have been transformative for the Company from a strategic direction, financial structure and funding standpoint," said Wellgistics Health Interim Co-CEO Gerald Commissiong. "With the reverse split that was required to maintain our NASDAQ listing now behind us, and with the support of holders of a majority of our common shares limiting the supply of common shares available to trade through the lock-up agreement announced last Thursday that leaves approximately 1.3 million shares available to trade based on the Company's current estimates, the Company is now positioned for significant growth in the months ahead. New shares from the financing will not be eligible for resale until they are issued in accordance with the transaction documents and either registered for resale under an effective registration statement or eligible for resale under Rule 144 or another applicable exemption, expected in the third quarter. We expect our previously announced joint venture with KareRx to continue to increase our monthly pharmacy sales and are looking forward to establishing new manufacturer relationships as a result of the DelivMeds AI business model."

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