DataMeds AI settles debt litigation, extinguishes USD 19 million liabilities
MEDS•Debt litigation settlement extinguishes liabilities
DataMeds AI settled litigation tied to debt and receivables under a May 11, 2023 Wellgistics membership purchase agreement.
The settlement extinguished about $19 million of balance-sheet liabilities. Cash payment totaled USD 450,000.
Roughly 364,099 common shares were retired as part of the agreement.
