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Comprehensive Healthcare Systems Inc ( (TSE:CHS) ) just unveiled an update.
Comprehensive Healthcare Systems Inc. announced the closure of the first tranche of its non-brokered private placement, raising $603,000 through the issuance of 60,300,000 common shares. Nameh Hotels and Resorts Private Limited, an insider, purchased a significant portion of these shares, increasing its stake to 19.99%. The company’s annual meeting approved various resolutions, including the revision of its equity incentive plan and a potential share consolidation, allowing Nameh to potentially increase its holdings beyond 20%. These actions are aimed at improving the company’s financial position and enhancing its market presence.
More about Comprehensive Healthcare Systems Inc
Comprehensive Healthcare Systems Inc. is a vertically integrated software as a service (SaaS) company based in Alberta, specializing in healthcare benefits administration solutions. Its Novus 360 Healthcare Welfare and Benefits Administration platform serves clients such as self-funded employers, providers, and labor unions by offering reliable, high-volume transaction-capable systems.
YTD Price Performance: 150.0%
Average Trading Volume: 606,174
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.1M
Learn more about CHS stock on TipRanks’ Stock Analysis page.