eWellness Healthcare Corp (OTCMKTS:EWLL) announced Tuesday a convertible-debt-consolidation strategy to attract additional financing.
“If completed, this consolidation could have a positive effect to the company’s share price,” eWellness Chief Financial Officer David Markowski said in a statement.
Shares of eWellness traded at $0.12 in Tuesday’s late-afternoon OTC Markets trading.
READ: eWellness eyes Georgia after state approves favorable telehealth bills
The Culver City, California, company is working to make its Phzio platform the leader in the new industry of digital telehealth physical therapy (dPT).
A goal is to demonstrate that a majority of future physical therapy treatments can be accomplished with a smart phone.
Earlier this month, eWellness said it was looking at Georgia as a market after its lawmakers signed off on a pair of telemedicine bills that permit out-of-state healthcare providers to deliver virtual care in state.
–This story has been updated to give the latest stock trading–
Contact Dennis Fitzgerald at dennis@proactiveinvestors.com