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Comprehensive Healthcare Systems Announces Extension of Second Tranche of Private Placement
Calgary, Alberta--(Newsfile Corp. - March 13, 2026) - Comprehensive Healthcare Systems Inc. (TSXV: CHS) (the "Company" or "CHS"), an industry leader in healthcare benefits administration software and services, announces that it will be extending its non-brokered private placement (the "Offering"), previously announced on January 8, 2026 and upsized on January 26, 2026, of an aggregate of:up to 7,000,000 units ("Units") at a price of $0.50 per Unit for gross proceeds of up to $3.5 million; plusup
About this update from Comprehensive Healthcare Systems Inc
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - March 13, 2026) - Comprehensive Healthcare Systems Inc. (TSXV: CHS) (the "Company" or "CHS"), an industry leader in healthcare benefits administration software and services, announces that it will be extending its non-brokered private placement (the "Offering"), previously announced on January 8, 2026 and upsized on January 26, 2026, of an aggregate of:","length":421,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"up to 7,000,000 units ("Units") at a price of $0.50 per Unit for gross proceeds of up to $3.5 million; plus","length":117,"tagName":"p"}]},{"val":[{"type":"text","content":"up to an additional 4,038,462 Units at a price of $0.52 per Unit for gross proceeds of up to $2.1 million,","length":106,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":223,"olType":false},{"type":"text","content":"for an additional 30 days, until April 13, 2026. The Company closed a first tranche of the Offering on February 10, 2026, issuing all 7,000,000 of the $0.50 Units (see news release dated February 12, 2026). The extension of the Offering, in respect of the additional $0.52 Units, will allow the Company to accommodate a subscription by its controlling shareholder, who is based overseas and must follow certain processes in order to further participate in the Offering.","length":469,"tagName":"p"},{"type":"text","content":"Each Unit is comprised of one common share ("Shares") of the Company and one-half of a warrant, with each whole warrant ("Warrants") being exercisable to purchase one common share of the Company at an exercise price of $1.00 for a period of three years after closing.","length":287,"tagName":"p"},{"type":"text","content":"Completion of the Offering will be subject to customary closing conditions, including the receipt of all necessary approvals including that of the TSX Venture Exchange (the "Exchange"). All securities issued will be subject to hold periods under applicable securities laws. The Company may pay finder fees on the Offering in compliance with applicable laws and subject to Exchange approval.","length":400,"tagName":"p"},{"type":"text","content":"This news release shall not constitute an offer to sell or the solicitation of an offer to buy in any jurisdiction in which s...