Wellgistics Health Stock Surges 88% on Datavault AI Blockchain Partnership

TLDR

• Wellgistics Health stock jumped 88% after hours following a blockchain partnership announcement with Datavault AI
• The companies signed a letter of intent to integrate PharmacyChain blockchain technology for prescription tracking
• The partnership will use a revenue-sharing model based on PharmacyChain usage fees
• Datavault AI recently opened new tech hubs in Philadelphia, Georgia, and London to expand operations
• Wellgistics Health recently launched HubRx AI, an artificial intelligence agent engine for pharmacies

Wellgistics Health Inc. shares climbed 87.89% in after-hours trading on Thursday, reaching $0.76 per share. The stock closed the regular session at $0.40, marking a 9.04% gain before the after-hours spike.

Wellgistics Health, Inc., WGRX

The surge came after Wellgistics Health announced a non-binding letter of intent with Datavault AI Inc. The agreement focuses on integrating blockchain technology into Wellgistics’ healthcare infrastructure. Datavault AI is a data sciences technology company listed on NASDAQ under the ticker DVLT.

The partnership centers on Datavault’s PharmacyChain smart contract technology. This blockchain-enabled system will be integrated into Wellgistics’ existing operations. The goal is to digitize prescription tracking from the initial script through to final fulfillment.

The companies stated the technology will provide accurate and transparent delivery tracking. It aims to support patient safety and improve healthcare outcomes. The blockchain approach creates an immutable record of prescription handling throughout the supply chain.

Revenue Sharing Model

The two companies are working on a revenue-sharing arrangement. The model will be based on PharmacyChain usage fees. Final terms will be determined through additional negotiations between both parties.

The partnership comes as Wellgistics Health expands its technology offerings. The company recently unveiled HubRx AI, a customizable artificial intelligence agent engine. The product is designed specifically for pharmacy operations.

Wellgistics Health has a market capitalization of $36.71 million. The stock has a 52-week trading range between $0.34 and $7.04. Over the past year, the share price has declined 89.43%.

Datavault AI stock rose 8.42% to $2.32 on Wednesday. The increase followed announcements about the company’s global expansion plans. Datavault AI is opening new technology hubs across multiple locations.

Datavault AI Expansion Plans

The company relocated its corporate headquarters to downtown Philadelphia. The move supports East Coast market operations and provides access to university partnerships. Drexel University, University of Pennsylvania, and Penn State offer talent pipelines for the company.

Datavault AI launched a Center for AI and Quantum Computing Excellence in Sandy Springs, Georgia. The facility spans 180,000 square feet across an eight-story building. The center will focus on advanced AI and quantum system development.

The company also opened a quantum and digital twin embassy in Knightsbridge, London. This hub will support European operations and access to tokenized asset markets. Julian Usher will lead the 1571 initiative from the London office.

The 1571 platform focuses on art, luxury goods, and collectibles. It uses smart contracts and patented tools for asset valuation. The London center includes a gallery space for showcasing works.

Datavault AI is hiring blockchain and systems-integration professionals. The company is partnering with Georgia Tech and University of Georgia for recruitment. The infrastructure includes on-site data centers for rapid research deployment.

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