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Comprehensive Healthcare Systems Announces Closing of First Tranche of Private Placement
TMX Newsfile· 2026-02-12 11:30
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].
Comprehensive Healthcare Systems Upsizes Non-Brokered Private Placement
TMX Newsfile· 2026-01-26 23:11
Core Viewpoint - Comprehensive Healthcare Systems Inc. is increasing its non-brokered private placement due to strong investor interest, raising the total offering size to 11,038,462 units for gross proceeds of up to $5,600,000 [1][2]. Group 1: Offering Details - The initial offering consisted of 7,000,000 units priced at $0.50 per unit, generating gross proceeds of $3,500,000 [1]. - An additional 4,038,462 units will be offered at a price of $0.52 per unit, potentially raising an extra $2,100,000 [1]. - Insider participation in the offering is anticipated to reach up to $2,200,000, subject to regulatory approvals [1]. Group 2: Company Overview - Comprehensive Healthcare Systems Inc. is a vertically integrated SaaS company focused on digitizing healthcare through its Healthcare Benefits Administration solutions [4]. - The company's Novus 360 Healthcare Welfare and Benefits Administration platform is utilized for various aspects of healthcare benefits administration, catering to self-funded employers, providers, and labor unions [4].
Comprehensive Healthcare Systems Inc. Announces Non-Brokered Private Placement and Shares for Debt Settlement
TMX Newsfile· 2026-01-09 00:54
Group 1 - Comprehensive Healthcare Systems Inc. (CHS) announced a non-brokered private placement of up to 7,000,000 units at a price of $0.50 per unit, aiming for gross proceeds of up to $3,500,000 [1][2] - Each unit consists of one common share and one-half of a warrant, with whole warrants allowing the purchase of one common share at an exercise price of $1.00 for three years, subject to accelerated expiry conditions [2] - The proceeds from the offering will be utilized for general working capital [2] Group 2 - The company plans to conduct a securities for debt transaction to settle up to US$893,250 (approximately C$1,232,685) in liabilities through the issuance of up to 2,465,369 common shares at a price of $0.50 per share [3] - Completion of the offering and the settlement is subject to customary closing conditions, including necessary approvals from the TSX Venture Exchange [4] - All securities issued will be subject to hold periods under applicable securities laws, and the company may pay finder fees in compliance with applicable laws [4] Group 3 - Comprehensive Healthcare Systems Inc. is a vertically integrated SaaS company focused on digitizing healthcare with solutions for healthcare benefits administration [6] - The company's Novus 360 Healthcare Welfare and Benefits Administration platform is utilized by clients for various aspects of healthcare benefits administration [6]
Comprehensive Healthcare Systems Inc. Begins Trading on the OTCQB Markets Under the Symbol CMHSF
Newsfile· 2025-07-21 11:01
Company Overview - Comprehensive Healthcare Systems Inc. is a vertically integrated Software-as-a-Service (SaaS) company focused on digitizing healthcare with solutions for Healthcare Benefits Administration [4] - The company's Novus 360 Healthcare Welfare and Benefits Administration (HWBA) SaaS platform is utilized by clients for various aspects of healthcare benefits administration, including self-funded employers, providers, and labor unions [4] Market Activity - The company has received approval from the OTC Markets Group for its common shares to be traded on the OTCQB Venture Market under the symbol "CMHSF," effective July 17, 2025 [1] - Comprehensive Healthcare shares are eligible for electronic clearing and settlement through the Depository Trust Company in the United States [2] Strategic Goals - The CEO of Comprehensive Healthcare Systems expressed that the dual listing in Canada and the United States is part of a broader corporate strategy aimed at enhancing visibility and transparency within the investment community [3] - The listing on the OTCQB is expected to improve access to both new and existing shareholders in the U.S., including broader access to institutional capital [3] Market Position - The company operates in the multi-billion dollar U.S. healthcare benefits and pension administration software and solutions market [3] - The OTCQB market is recognized for its integrity and provides companies with opportunities to build visibility, expand liquidity, and diversify their shareholder base [3]