Form 8-K
8-K — SRX Global Inc.
Accession: 0001493152-26-041945
Filed: 2026-09-09
Period: 2026-09-08
CIK: 0001471727
SIC: 2080 (BEVERAGES)
Item: Entry into a Material Definitive Agreement
Item: Financial Statements and Exhibits
Documents
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): September 8, 2026
SRX
Global Inc.
(Exact
name of Registrant as Specified in its Charter)
Delaware
001-40477
83-4284557
(State
or other Jurisdiction
of
Incorporation)
(Commission
File
Number)
(IRS
Employer
Identification
No.)
801
US Highway 1
North
Palm Beach, Florida 33408
(Address
of Principal Executive Offices) (Zip Code)
(Registrant’s
Telephone Number, Including Area Code): (212) 896-1254
N/A
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, $0.001 par value share
SRXH
NYSE
American
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
1.01. Entry into a Material Definitive Agreement.
As
previously disclosed, on August 27, 2026, SRX Global Inc., a Delaware corporation (the “Company”), entered into a Securities
Purchase Agreement (the “Securities Purchase Agreement”) with certain accredited investors (“Buyers”) named therein,
pursuant to which, among other things, the Buyers purchased 3,579 shares of the Company’s Series C convertible preferred stock,
par value $0.001 per share (the “Series C Preferred Stock”), which are convertible into shares of the Company’s common
stock, par value $0.001 per share (the “Common Stock”), for an aggregate purchase price of $2.825 million.
On
September 8, 2026, the Company and the Required Holders entered into a Limited Consent and Amendment Agreement (the “Consent
Agreement”), pursuant to which the Required Holders (as defined in the Securities Purchase Agreement, as amended by the
Consent Agreement) consented to, and waived certain rights in connection with, the Company’s maintaining a stock repurchase
plan under which the Company may repurchase up to the lesser of (x) 10,000,000 shares of Common Stock, or (y) 50% of the issued and outstanding
Common Stock at any given time, for an aggregate purchase price not to exceed $20,000,000, during the period ending July 7, 2027.
The
foregoing description of the terms and conditions of the Consent Agreement does not purport to be complete and is qualified in
its entirety by the full text of the form of Consent Agreement, which is filed as an exhibit thereto.
Item
9.01. Exhibits.
(d) Exhibits.
Exhibits
Description
10.1
Limited Consent and Amendment Agreement.
104
Cover
Page Interactive Data File (Embedded within the Inline XBRL document)
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
SRX
Global Inc.
By:
/s/
Carolina Martinez
Name:
Carolina
Martinez
Title:
Chief
Financial Officer
September
9, 2026
EX-10.1
EX-10.1
Filename: ex10-1.htm · Sequence: 2
Exhibit 10.1
EXECUTION
COPY
LIMITED
CONSENT AND AMENDMENT AGREEMENT
This
Limited Consent and Amendment Agreement (the “Agreement”), dated as of September 8, 2026, is by and
between SRX Global Inc., a Delaware corporation (the “Company”), and the holder identified on the signature page hereto
(the “Holder”).
R
E C I T A L S
A.
Reference is made to (i) that certain Securities Purchase Agreement, dated as of August 27, 2026 (as amended, the “Securities
Purchase Agreement”), by and among the Company and the Holder (in such capacity, the “Buyer”), pursuant
to which, among other things, the Buyers purchased 3,579 shares of the Company’s Series C convertible preferred stock, par value
$0.001 per share (the “Series C Preferred Stock”), which are convertible into shares of the Company’s common
stock, par value $0.001 per share (the “Common Stock”), for an aggregate purchase price of $2.825 million; and (ii)
the Certificate of Designations, filed by the Company with the Secretary of State of the State of Delaware on August 27, 2026,
which designated the Series C Preferred Stock as a new series of the Company’s authorized and unissued preferred stock (the “COD”)
(capitalized terms used and not otherwise defined herein shall have the meaning given in the Securities Purchase Agreement or the COD,
as applicable).
B.
Pursuant to (i) Section 4(r) of the Securities Purchase Agreement , the Company shall not, directly or indirectly, redeem,
or declare or pay any cash dividend or distribution on, any securities of the Company without the prior express written consent of the
Buyer, (ii) Section 13(d) of the COD, the Company shall not, directly or indirectly, redeem, repurchase or declare or pay
any cash dividend or distribution on any of its capital stock, without the written consent of the Required Holders (as defined in
the COD) and (iii) Section 16(d) of the COD, the Company shall not purchase, repurchase or redeem any shares of Junior Stock (as defined
in the COD) without the prior written consent of the Required Holders.
C.
The Company desires to maintain a stock repurchase plan under which the Company may repurchase up to the lesser of 10,000,000 shares
of Common Stock or 50% of the issued and outstanding Common Stock at any given time, for an aggregate purchase price not to exceed $20,000,000,
during the period ending July 7, 2027 (the “Repurchase Plan”).
D.
Pursuant to Section 9(e) of the Securities Purchase Agreement, the Company and the Buyers may amend or waive certain terms
of the Securities Purchase Agreement.
NOW,
THEREFORE, in consideration of the foregoing premises and the mutual covenants hereinafter contained, the Company and the Holder agree
as follows:
A
G R E E M E N T
1.
Limited Consents. Effective as
of the Effective Time (as defined below), the Holder (i) in its capacity as the Buyer, hereby consents to the Repurchase Plan pursuant
to Section 4(r) of the Securities Purchase Agreement (the “SPA Limited Consent”) and (ii) in its capacity as the Required
Holder, hereby consents to the Repurchase Plan pursuant to Sections 13(d) and 16(d) of the COD (the “COD Limited
Consents” and together with the SPA Limited Consent, the “Limited Consents”), in each case, solely with respect
the Repurchase Plan and not with respect to any other purchase, repurchase or redemption of securities of the Company.
For the avoidance of doubt, the Holder, in its capacity as the Buyer and its capacity as the Required Holder, hereby acknowledges
and agrees that, after giving effect to the Limited Consents, (i) any term or condition of any Transaction Document that would
otherwise restrict or prohibit the Repurchase Plan shall be deemed waived and (ii) the consummation of the Repurchase Plan shall not
constitute a breach or event of default under any of the Transaction Documents.
2.
Amendment.
Effective as of the Effective Time, the Holder, in its capacity as the Buyer, and the Company agree to amend the Securities Purchase
Agreement as follows:
2.1
Section 9(e) of the Securities Purchase Agreement
is hereby amended to add the following sentence after the last sentence thereof:
“Required
Holders” means (x) [●] so long as [●] holds any Securities or has the right to acquire any Securities hereunder
(or any Common Stock Equivalents issued in exchange for any of the foregoing), or (y) thereafter, holders of a majority of the Registrable
Securities as of such time (excluding any Registrable Securities held by the Company or any of its Subsidiaries as of such time) issued
or issuable hereunder or pursuant to the Certificate of Designations.
2.2
The defined term “Transaction Document”
in the Securities Purchase Agreement is hereby amended to include this Agreement.
3.
No Implied Waiver or Consent.
Except for the Limited Consents and the amendments set forth in Section 2, nothing herein shall be deemed to be a consent to, amendment
of or waiver of any covenant or agreement contained in the Transaction Documents, and all provisions contained in the such agreements
shall remain in full force and effect and are hereby ratified and confirmed in all respects, except that on and after the Effective Time
all references in the Securities Purchase Agreement to “this Agreement”, “hereto”, “hereof”, “hereunder”
or words of like import referring to the Securities Purchase Agreement shall mean the Securities Purchase Agreement as amended by this
Agreement.
4.
Ratifications. Except as otherwise expressly provided herein, each of the Transaction Documents is, and shall continue to be,
in full force and effect and is hereby ratified and confirmed in all respects.
5.
Effective Time. This Agreement shall be deemed to be effective (the “Effective Time”) upon the due execution
and delivery by the Company and the Holder of this Agreement.
6.
Fees and Expenses. The Company shall reimburse [•] (counsel to the Holder) in an aggregate non-accountable amount of $5,000
for costs and expenses incurred by it in connection with drafting and negotiation of this Agreement. Each party to this Agreement shall
bear its own expenses in connection with the structuring, documentation, negotiation and closing of the transactions contemplated hereby,
except as provided in the previous sentence and except that the Company shall be responsible for the payment of any placement agent’s
fees, financial advisory fees, transfer agent fees, Depository Trust Company fees relating to or arising out of the transactions contemplated
hereby.
7.
Disclosure. On or before 9:00 a.m., New York City time, on the first (1st) Business Day after the date of this Agreement, the
Company shall file a Current Report on Form 8-K describing any material non-public information the Company may have provided to the undersigned
in relation to this Agreement or otherwise in the form required by the 1934 Act and attaching this Agreement as exhibits to such filing
(the “8-K Filing”). From and after the filing of the 8-K Filing with the SEC, the undersigned shall not be in possession
of any material, nonpublic information received from the Company, any of its Subsidiaries or any of their respective officers, directors,
employees, affiliates or agents. In addition, the Company acknowledges and agrees that any and all confidentiality or similar obligations
under any agreement, whether written or oral, between the Company, any of its Subsidiaries or any of their respective officers, directors,
affiliates, employees or agents on the one hand, and the undersigned or any of its affiliates on the other hand, has terminated as of
the date hereof and is of no further force or effect. The Company shall not, and shall cause each of its Subsidiaries and its and each
of their respective officers, directors, affiliates, employees and agents, not to, provide any undersigned with any material, non-public
information regarding the Company or any of its Subsidiaries from and after the date hereof without the express prior written consent
of the undersigned. To the extent that the Company, any of its Subsidiaries or any of their respective officers, directors, affiliates
employees or agents delivers any material, non-public information to any undersigned without the undersigned’s consent, the Company
hereby covenants and agrees that the undersigned shall not have any duty of confidentiality to the Company, any of its Subsidiaries or
any of their respective officers, directors, affiliates, employees or agents with respect to, or a duty to the Company, any of its Subsidiaries
or any of their respective officers, directors, affiliates, employees or agents not to trade on the basis of, such material, non-public
information. The Company understands and confirms that the undersigned will rely on the foregoing representations in effecting transactions
in securities of the Company.
8.
Miscellaneous. Section 9 of the Securities Purchase Agreement is hereby incorporated by reference herein, mutatis mutandis.
[The
remainder of the page is intentionally left blank.]
2
IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
THE
COMPANY
SRX
GLOBAL INC.
By:
Name: Carolina
Martinez
Title: Chief
Financial Officer
REQUIRED
HOLDER
[●]
By:
Name: [●]
Title: Authorized
Person
[Signature
Page to Limited Waiver and Consent Agreement]
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Sep. 08, 2026
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Entity File Number
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Entity Registrant Name
SRX
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Entity Central Index Key
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Entity Tax Identification Number
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Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
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Entity Address, City or Town
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