SINGAPORE, April 12, 2024 (GLOBE NEWSWIRE) — Mobile-health Network Solutions (“MNDR” or “the Company”), a number one telehealth options supplier in Singapore, right this moment introduced the closing of its beforehand introduced preliminary public providing of an mixture 2,250,000 Class A Ordinary Shares (“the Offering”) at a worth of $4.00 per share (“the Offering Price”) to the general public, for a complete of US$9.0 million of gross proceeds to the Company, earlier than deducting underwriting reductions and providing bills.

The shares started buying and selling on the NASDAQ Stock Market LLC on April 10, 2024, below the image “MNDR“.

Network 1 Financial Securities, Inc. (“Network 1”), a full-service dealer/vendor, acted as the only real book-running supervisor for the Offering. Sidley Austin LLP, Rajah & Tann Singapore LLP, and Harney Westwood & Riegels Singapore LLP are appearing as U.S., Singapore, and Cayman authorized counsel to the Company, respectively, and Loeb & Loeb LLP is appearing as U.S. authorized counsel to Network 1 for the Offering.

The Offering is being carried out pursuant to the Company’s registration assertion on Form F-1 (File No. 333-277254), as amended, beforehand filed with and subsequently declared efficient by the U.S. Securities and Exchange Commission (“SEC”) on March 27, 2024. The Offering is being made solely via a prospectus, forming a part of the registration assertion. Copies of the ultimate prospectus associated to the Offering could also be obtained, when obtainable, from Network 1 Financial Securities, Inc., 2 Bridge Avenue, Suite 241, Red Bank, NJ 07701, by cellphone at +1 732 758 9001 or by e mail at mndripo@netw1.com. In addition, a replica of the ultimate prospectus, when obtainable, regarding the Offering could also be obtained by way of the SEC’s web site at www.sec.gov.

Before you make investments, you need to learn the prospectus and different paperwork the Company has filed or will file with the SEC for extra details about the Company and the Offering. This press launch has been ready for informational functions solely and shall not represent a suggestion to promote or the solicitation of a suggestion to purchase these securities, nor shall such securities be supplied or offered within the United States absent registration or an relevant exemption from registration, nor shall there be any provide, solicitation or sale of those securities in any state or jurisdiction through which such provide, solicitation or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction.

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About Mobile-health Network Solutions

We are a number one telehealth options supplier in Singapore, when it comes to the variety of international locations coated by our MaNaDr platform, together with international locations within the APAC area. We present our companies on our MaNaDr platform, which is accessible by way of our cell software and web site. We serve each the neighborhood of customers, by providing customized and dependable medical consideration to customers worldwide, in addition to the neighborhood of healthcare suppliers, by permitting them to have a broader attain to customers by digital clinics with none start-up prices and the flexibility to connect with a world community of peer-to-peer help teams and companions. Through our cell software, we provide customers a spread of seamless and hassle-free telehealth options, which encompasses teleconsultation companies, together with the issuance of digital medical certificates and supply of medicines to customers’ houses, in addition to different customized companies akin to weight administration applications. For extra info, please go to https://manadr.com/.

FORWARD-LOOKING STATEMENTS

Certain statements contained on this press launch about future expectations, plans and prospects, in addition to some other statements concerning issues that aren’t historic details, might represent “forward-looking statements” throughout the which means of the Private Securities Litigation Reform Act of 1995. These statements embody, however should not restricted to, statements regarding the anticipated buying and selling graduation and shutting dates. The phrases “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and comparable expressions are supposed to determine forward-looking statements, though not all forward-looking statements include these figuring out phrases. Actual outcomes might differ materially from these indicated by such forward-looking statements because of varied essential elements, together with: the uncertainties associated to market circumstances and the completion of the general public providing on the anticipated phrases or in any respect, and different elements mentioned within the “Risk Factors” part of the preliminary prospectus filed with the SEC. For these causes, amongst others, buyers are cautioned to not place undue reliance upon any forward-looking statements on this press launch. Any forward-looking statements contained on this press launch converse solely as of the date hereof, and Mobile-health Network Solutions particularly disclaims any obligation to replace any forward-looking assertion, whether or not because of new info, future occasions or in any other case, besides as required by legislation.

For extra info, please contact:

Mobile-health Network Solutions Investor Relations Contact:

2 Venture Drive, #07-06/07 Vision Exchange
Singapore 608526
(+65) 6222 5223
Email: investors@manadr.com

Underwriter Inquiries:

Network 1 Financial Securities, Inc.
Adam Pasholk, Managing Director – Investment Banking
2 Bridge Avenue, Suite 241
Red Bank, NJ 07701
(+1) 732 758 9001
Email: mndripo@netw1.com

Investor Relations Inquiries:

Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5^th Floor
New York, New York 10036
Office: (646) 893-5835
Email: info@skylineccg.com