Comprehensive Healthcare extends private placement

Executive Summary

• Comprehensive Healthcare Systems Inc. has announced an extension of the second tranche of its non-brokered private placement, extending the subscription period by 30 days until April 13, 2026.
• The extension specifically targets the second tranche of units priced at 52 cents per unit, allowing the company to accommodate a subscription from its controlling shareholder who is based overseas and requires additional time to complete necessary processes.
• The first tranche of the offering, consisting of 7 million units at 50 cents per unit, was fully closed on February 10, 2026.

Key Details

• Offering Structure:
  • First Tranche (Closed): 7,000,000 units at $0.50 per unit.
  • Second Tranche (Extended): Up to 4,038,462 units at $0.52 per unit.
  • Total Potential Gross Proceeds: Up to $5.6 million ($3.5 million from the first tranche + $2.1 million from the second tranche).
• Extension Terms: The subscription period for the second tranche is extended by 30 days, with a new closing deadline of April 13, 2026.
• Purpose of Extension: To allow the company's controlling shareholder, who is based overseas, sufficient time to follow specific processes to participate in the offering.
• Unit Composition: Each unit consists of one common share and one-half of a warrant.
• Warrant Terms: Each whole warrant is exercisable to purchase one common share at an exercise price of $1.00.
• Warrant Duration: The warrants are exercisable for a period of three years after closing.
• Regulatory Conditions: Completion is subject to customary closing conditions, including receipt of approvals from the TSX Venture Exchange.
• Hold Periods: All securities issued are subject to hold periods under applicable securities laws.
• Finders' Fees: The company may pay finders' fees in compliance with applicable laws and subject to exchange approval.

Notable Quotes

• None provided in the text.