11:09 AM EDT, 10/31/2025 (MT Newswires) -- Well Health ( WHTCF ) Friday said its majority-owned subsidiary Wellstar Technologies, which is aiming for a public listing next year, will raise $62 million through a private placement of series B shares priced at $1.50 each.

The financing is supported by Mawer Investment Management, Edgepoint Wealth Management and Picton Investment and is expected to close early December.

Proceeds will be used for future acquisitions, AI-related innovation, organic growth initiatives and general corporate purposes, a statement said.

This financing builds on an initial equity investment led by Mawer and Edgepoint last December, which raised $50.4 million through a Series A preferred share investment at an offering price of $1.00 each.

Well Health ( WHTCF ) is down $0.03, to $5.18, on the Toronto Stock Exchange.

Price: 5.18, Change: -0.03, Percent Change: -0.58