SINGAPORE, April 9, 2024 (GLOBE NEWSWIRE) — Mobile Health Network Solutions (“MNDR” or “companyThe company, Singapore's leading telemedicine solutions provider, today announced the pricing of a committed initial public offering of a total of 2,250,000 Class A ordinary shares.Recruitment”). The offering price is $4.00 per share (“Offering price”).
The Company has granted the underwriters a 45-day option to purchase up to an additional 337,500 shares of Class A common stock at the offering price. This is equivalent to 15% of the Class A common stock sold in the secondary offering (hereinafter “over-allotment”).
Assuming the over-allotment is exercised, the Company expects to receive gross proceeds of $10.35 million, before deducting underwriting discounts, commissions and estimated offering expenses.
The stock is expected to begin trading on the NASDAQ Stock Market LLC under the ticker symbol “.”MNDR” upon April 10, 2024. The offering is expected to close on or about April 12, 2024, subject to the satisfaction of customary closing conditions.
Network One Financial Securities Co., Ltd. (“network 1), a full-service broker/dealer, acted as the sole bookrunning manager for this offering. Sidley Austin LLP, Rajah & Tann Singapore LLP and Harney Westwood & Riegels Singapore LLP are serving as our U.S., Singapore and Cayman legal advisors, respectively, and Loeb & Loeb LLP is serving as Network 1's U.S. legal advisor. Recruitment.
This offering is being made pursuant to the Company's registration statement on Form F-1, as amended (File No. 333-277254), previously filed with and subsequently declared effective by the Securities and Exchange Commission. (“SECThis offering will be made only by means of a prospectus forming a part of the registration statement. Before investing, you should read the prospectus and other documents that the company has filed or will file with the SEC for more information about the company and its offering. A copy of the final prospectus relating to the offering, when available, may be obtained from Network 1 Financial Securities, Inc., 2 Bridge Avenue, Suite 241 Red Bank, NJ 07701, by telephone at +1 732 758 9001 or by email . mndripo@netw1.com. In addition, a copy of the final prospectus relating to the offering, when available, may be obtained from the SEC's website at www.sec.gov.
This press release is made for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any of the Company's securities, and does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, unless such securities are registered or subject to an applicable exemption. Not offered or sold in the United States. and any offer, solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. It must not be sold.
About Mobile Health Network Solutions
We are Singapore's leading telemedicine solutions provider in terms of the number of countries covered by our MaNaDr platform, including countries in the APAC region. We offer our services on his MaNaDr platform, which can be accessed through mobile applications and websites. By providing personalized and reliable healthcare to users around the world, we are building a community of users and healthcare providers that enable broad reach to users through virtual clinics without upfront costs or costs. Serving both communities. Connect to a global network of peer-to-peer support groups and partners. Through our mobile application, we offer a series of seamless and hassle-free telemedicine solutions, including remote consultation services such as electronic medical certificate issuance and delivery of medicines to users' homes, as well as other personalized services such as weight measurements. provide to the user. Management program. For more information, please visit https://manadr.com/.
Forward-looking statements
Certain statements contained in this press release regarding future expectations, plans, and prospects and other statements regarding matters that are not historical facts constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. There is likely to be. These statements include, without limitation, statements regarding the expected commencement and termination dates of transactions. “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “could” Words such as “should,” “anticipate,” “plan,” “should,” “target,” “will,” “will” and similar expressions identify forward-looking statements. However, not all forward-looking statements contain these identifiable words. Actual results may vary as a result of various important factors, including uncertainties related to market conditions, the expected terms or the completion of the offering at all, and other factors described herein. Results may differ materially from those expressed in the description. The “Risk Factors” section of the preliminary prospectus filed with the SEC. For these reasons, among other things, investors are cautioned not to place undue reliance on the forward-looking statements contained in this press release. The forward-looking statements contained in this press release speak only as of the date of this press release, and Mobile-health Network Solutions believes that, whether as a result of new information, future events or otherwise, We specifically disclaim any obligation to update any forward-looking statements except in the following circumstances. As required by law.
For more information, please contact us below.
Mobile Health Network Solutions Investor Information Contact:
2 Venture Drive, #07-06/07 Vision Exchange
Singapore 608526
(+65) 6222 5223
Email: investors@manadr.com
Underwriter inquiries:
Network One Financial Securities Co., Ltd.
Adam Pasholk, Managing Director – Investment Banking
2 Bridge Avenue, Suite 241
Red Bank, NJ 07701
(+1) 732 758 9001
Email: mndripo@netw1.com
Inquiries regarding investor information:
Skyline Corporate Communication Group LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com
