Comprehensive Healthcare Systems Announces Extension of Second Tranche of Private Placement

Core Viewpoint - Comprehensive Healthcare Systems Inc. is extending its non-brokered private placement for an additional 30 days to accommodate its controlling shareholder's participation [1]. Group 1: Offering Details - The private placement was initially announced on January 8, 2026, and upsized on January 26, 2026, with a first tranche closed on February 10, 2026, issuing 7,000,000 units at $0.50 each, totaling gross proceeds of $3.5 million [1][9]. - The extension allows for an additional 4,038,462 units at a price of $0.52 per unit, which could generate up to $2.1 million in gross proceeds [9]. - Each unit consists of one common share and one-half of a warrant, with each whole warrant exercisable at $1.00 for three years post-closing [2]. Group 2: 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 for various aspects of healthcare benefits administration, serving self-funded employers, providers, and labor unions [5]. Group 3: Regulatory and Compliance - Completion of the offering is subject to customary closing conditions, including necessary approvals from the TSX Venture Exchange [3]. - All issued securities will be subject to hold periods under applicable securities laws, and the company may pay finder fees in compliance with applicable laws [3].