HealthLynked Corp. announced a private placement that it has issued and sold a senior secured convertible promissory note in the aggregate principal amount of $1,000,000 and issued a warrant to purchase 10,000,000 shares of common stock, par value $0.0001 per share of the company to Mary S. Dent Gifting Trust for the gross proceeds of $1,000,000 on June 3, 2024. The Note will mature on June 3, 2025 and it accrues interest at a rate of 12% per annum.

The conversion price per share of Common Stock under the Note shall be $0.0497. The Note was issued with an original issue discount of 5%, resulting in net proceeds to the Company of $950,000. The Warrant has an exercise price of $0.0497 per share and a term of 10 years.

The Warrant is exercisable for cash at any time.