Mr. Chris Cosgrove reports
COMPREHENSIVE HEALTHCARE ANNUAL GENERAL AND SPECIAL MEETING AND COMPLETION OF 1ST TRANCHE DEBT SETTLEMENT
Comprehensive Healthcare Systems Inc. intends to schedule its annual general and special meeting of shareholders on Thursday, Nov. 12, 2026, at 10 a.m. PT. The company wishes to clarify that the reason for the delay in holding the meeting is due to the company exploring a potential uplisting to a U.S. stock exchange.
The company also announces that further to its news release of May 22, 2026, it has closed the first tranche of its share-for-debt transaction confirmed in its news release of May 22, 2026, issuing an aggregate of 2,211,803 common shares at a price of 50 cents per share to settle $1,105,90.50 in liabilities. The issued securities are subject to a hold period until Dec. 12, 2026.
Current insiders of the company acquired an aggregate of 1,982,953 common shares in the transaction, representing 6.12 per cent of the issued and outstanding shares following closing. The participation in the transaction by insiders constitutes a related party transaction under the policies of the TSX Venture Exchange and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements contained in sections 5.5(a), (b) and (g), and 5.7(1)(a) and (e), respectively, of MI 61-101 on the basis that neither the fair market value of the subject matter of nor of the consideration for the transaction, insofar as it involves interested parties, exceeds 25 per cent of the issuer's market capitalization; no securities of the company are listed or quoted on certain exchanges or markets specified in MI 61-101; and the transaction is designed to improve the financial position of the company.
The company intends to complete the remaining balance of the shares for debt, in the amount of 253,566 shares to settle $123,786 in liabilities, upon receipt of exchange approval.
About Comprehensive Healthcare Systems Inc.
Comprehensive Healthcare is a corporation incorporated under the laws of the Province of Alberta and is the parent company of Comprehensive Healthcare Systems Inc. (Delaware). The company is a vertically integrated software-as-a-service (SaaS) company focused on digitizing health care with Healthcare Benefits Administration solutions, providing reliable and high-volume transaction-capable systems. The company's state-of-the-art Novus 360 Healthcare Welfare and Benefits Administration (HWBA) SaaS platform is used by clients for all aspects of health care benefits administration (including self-financed employers, providers and labour unions), providing health care administrative software and technology-enabled services.
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