Business
Comprehensive Healthcare Systems Inc. Completes Shares Consolidation
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Comprehensive Healthcare Solutions Inc. (TSXV: CHS) ("CHS" or the "Company") announces that it will consolidate (the "Consolidation") its common shares on the basis of twenty (20) pre-Consolidation shares for one (1) post-Consolidation share. The Company expects that the TSX Venture Exchange (the "Exchange") will issue a bulletin in short order, confirming that the Company's common shares will then commence trading on a post-Consolida
About this update from Comprehensive Healthcare Systems Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Comprehensive Healthcare Solutions Inc. (TSXV: CHS) ("CHS" or the "Company") announces that it will consolidate (the "Consolidation") its common shares on the basis of twenty (20) pre-Consolidation shares for one (1) post-Consolidation share.","length":334,"tagName":"p"},{"type":"text","content":"The Company expects that the TSX Venture Exchange (the "Exchange") will issue a bulletin in short order, confirming that the Company's common shares will then commence trading on a post-Consolidation basis effective on or about the opening of trading on Monday, May 12, 2025. There will be no change to the Company's name or trading symbol. The new CUSIP/ISIN number for the post-Consolidation shares is 204 663 207 / CA204 663 2071.","length":451,"tagName":"p"},{"type":"text","content":"No fractional common shares will be issued, and fractions of less than one-half of a share will be cancelled, and fractions of at least one-half of a share will be converted to a whole common share. Outstanding options, warrants and other rights to acquire common shares will likewise be adjusted for the Consolidation.","length":319,"tagName":"p"},{"type":"text","content":"The Company currently has 248,023,502 common shares outstanding, and immediately following the Consolidation expects to have, subject to rounding adjustments, approximately 12,401,175 common shares outstanding of which none are subject to escrow. Shareholders holding uncertificated shares (such as BEO, NCI and DRS positions) will have their holdings adjusted electronically by the Company's transfer agent and need not take any further action to exchange their pre-Consolidation shares for post-Consolidation shares.","length":522,"tagName":"p"},{"type":"text","content":"The Company expects that the Consolidation will provide the Company with increased flexibility in structuring and completing financings and potential business transactions. Shareholder approval for the Consolidation was received at the Company's Annual and General Meeting of Shareholders, held on February 18, 2025 and adjourned to February 25, 2025.","length":355,"tagName":"p"},{"type":"text","content":"About Comprehensive Healthcare Systems Inc.","length":43,"tagName":"p"},{"type":"text","content":"Comprehensi...