Comprehensive Healthcare Systems Inc. (TSXV: CHS) (OTCQB: CMHSF) completed the second tranche of its non-brokered private placement, issuing 4,038,462 units at $0.52 per unit for gross proceeds of $2,100,000, according to a company statement.

Each unit consists of one common share and half a warrant. Full warrants allow holders to purchase one common share at $1.00 for three years after closing. The company paid finder fees of $32,217.62 in cash and issued 61,957 finder warrants exercisable at $0.52 for three years.

Company insiders purchased 2,832,208 units worth $1,472,748, representing 70.13% of the second tranche. The associated common shares represent approximately 9.77% of outstanding shares upon closing. All securities issued are subject to a hold period until August 14, 2026.

Combined with the first tranche that closed February 10, 2026, which raised $3,500,000 through 7,000,000 units at $0.50 per unit, the total offering raised $5,600,000 through 11,038,462 units. Total finder fees paid were $246,417.62 in cash plus 490,357 finder warrants.

The Calgary-based company provides healthcare benefits administration software and services through its Novus 360 Healthcare Welfare and Benefits Administration platform. The offering remains subject to final TSX Venture Exchange approval.