Comprehensive Healthcare Systems Announces Closing of First Tranche of Private Placement

Core Viewpoint - Comprehensive Healthcare Systems Inc. has successfully closed the first tranche of its non-brokered private placement, raising a total of $3,500,000 by issuing 7,000,000 units at a price of $0.50 per unit [1]. Group 1: Offering Details - Each unit consists of one common share and one-half of a warrant, with the full warrant allowing the purchase of one common share at an exercise price of $1.00 for three years post-closing [2]. - The company paid finder fees totaling $214,200 in cash and issued 428,400 finder warrants, which are also exercisable at $0.50 for three years [3]. Group 2: Insider Participation - An insider purchased 945,000 units, accounting for 13.5% of the units issued in this tranche, which translates to approximately 3.8% of the total issued and outstanding shares upon closing [4]. - Assuming the exercise of associated warrants, the insider's stake would increase to approximately 5.6% of the total issued and outstanding shares [4]. Group 3: Company Overview - Comprehensive Healthcare Systems Inc. is a vertically integrated SaaS company focused on digitizing healthcare through its Healthcare Benefits Administration solutions [5]. - The company's Novus 360 Healthcare Welfare and Benefits Administration platform is utilized by various clients, including self-funded employers, providers, and labor unions, for comprehensive healthcare benefits administration [5].