Form 8-K
8-K — SRX Global Inc.
Accession: 0001493152-26-034081
Filed: 2026-07-21
Period: 2026-07-17
CIK: 0001471727
SIC: 2080 (BEVERAGES)
Item: Entry into a Material Definitive Agreement
Item: Financial Statements and Exhibits
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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): July 17, 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 March 16, 2026, SRX Global Inc., a Delaware corporation (the “Company”), entered into a Securities
Purchase Agreement (the “Securities Purchase Agreement”) with certain accredited investors named therein. Pursuant to the
Securities Purchase Agreement, up to 10,000 shares of the Company’s Series B convertible preferred stock, par value $0.001 per
share (the “Series B Preferred Stock”) and accompanying warrants (“Warrants”) to purchase shares of the Company’s
common stock, par value $0.001 per share (the “Common Stock”) may be purchased for an aggregate purchase price of up to $8.0
million in one or more closings (each a “Closing”).
On
July 17, 2026, the Company and the Required Holders, as defined in the Securities Purchase Agreement, entered into a Limited Waiver and
Consent Agreement (the “Waiver”), pursuant to which the Required Holders consented to, and waived certain rights in connection
with, the Company’s (i) declaring and paying, on August 3, 2026, a one-time cash dividend of $0.05 per share on Common Stock outstanding
to stockholders of record at the close of business on July 22, 2026; and (ii) entering into 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 Waiver does not purport to be complete and is qualified in its entirety by the
full text of the form of Waiver, which is filed as an exhibit thereto.
Item
9.01. Exhibits.
(d)
Exhibits.
Exhibits
Description
10.1
Form of Waiver.
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
July
21, 2026
EX-10.1
EX-10.1
Filename: ex10-1.htm · Sequence: 2
Exhibit 10.1
LIMITED
WAIVER AND CONSENT AGREEMENT
This
Limited Waiver and Consent Agreement (the “Agreement”), dated as of July __, 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 March 16, 2026 (as amended, the “Securities
Purchase Agreement”), by and among the Company and the investors signatory thereto (the “Buyers”), pursuant
to which, among other things, the Buyers may purchase up to 10,000 shares of the Company’s Series B convertible preferred stock,
par value $0.001 per share (the “Series B Preferred Stock”) and accompanying warrants (“Warrants”)
to purchase shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), for an aggregate
purchase price of up to $8.0 million in one or more closings; and (ii) the Certificate of Designations, filed by the Company with the
Secretary of State of the State of Delaware on March 16, 2026, which designated the Series B 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 and 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; and (ii) Section 16 of the COD, the
Company shall not take certain actions, including paying dividends or making any other distribution on any shares of any Junior Stock,
or repurchasing or redeeming any shares of Junior Stock, without the written consent of the Required Holders.
C.
The Company desires to (i) declare and pay, on August 3, 2026, a one-time cash dividend of $0.05 per share on Common Stock outstanding
to stockholders of record at the close of business on July 22, 2026 (the “Dividend”); and (ii) enter into 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 (i) Section 9(e) of the Securities Purchase Agreement, the Company and the Required Holders may waive certain terms of the
Securities Purchase Agreement, which waiver shall be binding on all Buyers and holders of Securities; and (ii) Section 31(b) of the COD,
certain terms of the COD may be waived with the Required Holder’s written consent.
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 Waiver and Consent. Effective as of the
Effective Time (as defined below), the Holder, in its capacity as the Required Holder, hereby (i) waives, in part, Section 4(r) of the
Securities Purchase Agreement and Section 13(d) of the COD, in each case, solely with respect the Dividend and the Repurchase Plan (the
“Limited Waiver”) and (ii) pursuant to Section 16 of the COD, consents to the Dividend and the Repurchase Plan (the
“Limited Consent”). For the avoidance of doubt, the Holder, in its capacity as Required Holder, hereby acknowledges
and agrees that, after giving effect to the Limited Waiver and Limited Consent, (i) any term or condition of any Transaction Document
that would otherwise restrict or prohibit the Dividend and/or the Repurchase Plan shall be deemed waived and (ii) the consummation of
the Dividend and/or the Repurchase Plan shall not constitute a breach or event of default under any of the Transaction Documents.
2.
Limitation of Waivers and Consent.
The Limited Waiver and Limited Consent set forth herein constitutes a one-time waiver consent and is limited to the matters expressly
waiver and/or consented to herein and should not be construed as an indication that the Holder or the Required Holders would be willing
to agree to any future modifications to, consent of, or waiver of any of the terms of any other agreement, instrument or security or
any modifications to, consents of, or waiver of any default that may exist or occur thereunder.
3.
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.
4.
Effective Time. This Agreement shall be deemed to be effective (the “Effective Time”) upon the due execution
and delivery by the Company and the Investor of this Agreement.
5.
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.
6.
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:
[Signature
Page to Limited Waiver and Consent Agreement]
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