Comprehensive Healthcare Systems Announces Extension of Second Tranche of Private Placement

Executive Summary

• Comprehensive Healthcare Systems Inc. announced an extension of its non‑brokered private placement for up to an additional 4,038,462 Units at $0.52 per Unit, potentially raising up to $2.1 million.
• The original tranche of 7,000,000 Units at $0.50 per Unit was closed on February 10 2026, providing $3.5 million in gross proceeds.
• Each Unit consists of one common share and half a warrant (full warrant exercisable at $1.00 for three years), with the extension allowing participation by the controlling shareholder subject to overseas regulatory processes.

Key Details

• Original Offering (closed Feb 10, 2026): 7,000,000 Units @ $0.50 per Unit → $3.5 M gross proceeds.
• Extension Offering: Up to 4,038,462 Units @ $0.52 per Unit → up to $2.1 M gross proceeds.
• Total potential raise (original + extension): ≈ $5.6 million.
• Unit composition: 1 common share + ½ warrant; each full warrant allows purchase of one additional share at $1.00 exercise price, exercisable for three years post‑closing.
• Extension deadline: New subscription period ends April 13, 2026 (30‑day extension).
• Purpose of extension: Accommodate subscription by the controlling shareholder who must complete overseas compliance steps.
• Closing conditions: Subject to customary closing conditions, including receipt of all required approvals (e.g., TSX Venture Exchange) and securities law hold periods.
• Finder fees: Company may pay finder fees in accordance with applicable laws and exchange approval.

Notable Quotes

(No direct quotes were provided in the release.)