Singapore, April 09, 2024 (GLOBE NEWSWIRE) — Mobile-health Network Solutions (“MNDR” or the “Company”), a number one telehealth options supplier in Singapore, right now introduced the pricing of its agency dedication preliminary public providing of an mixture 2,250,000 Class A Ordinary Shares (the “Offering”). The Offering is priced at $4.00 per share (the “Offering Price”).

The Company has granted the underwriter a 45-day choice to buy as much as a further 337,500 Class A Ordinary Shares on the Offering Price, representing 15% of the Class A Ordinary Shares bought within the Offering (the “Over-allotment”).

Assuming that the Over-allotment is exercised, the Company is anticipated to obtain gross proceeds amounting to $10.35 million, earlier than deducting underwriting reductions and commissions and estimated providing bills.

The shares are anticipated to start buying and selling on the NASDAQ Stock Market LLC below the ticker image “MNDR” on April 10, 2024. The Offering is anticipated to shut on or about April 12, 2024, topic to the satisfaction of customary closing situations.

Network 1 Financial Securities, Inc. (“Network 1”), a full-service dealer/seller, 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 performed 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. Before you make investments, it’s best 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. 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 through the SEC’s web site at www.sec.gov.

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This press launch has been ready for informational functions solely and shall not represent a proposal to promote or the solicitation of a proposal to purchase any of the Company’s securities, nor shall such securities be provided or bought within the United States absent registration or an relevant exemption from registration, nor shall there be any supply, solicitation or sale of those securities in any state or jurisdiction through which such supply, solicitation or sale could be illegal previous to registration or qualification below the securities legal guidelines of any such state or different jurisdiction.

About Mobile-health Network Solutions

We are a number one telehealth options supplier in Singapore, when it comes to the variety of nations lined by our MaNaDr platform, together with nations within the APAC area. We present our providers on our MaNaDr platform, which is accessible through our cellular utility and web site. We serve each the neighborhood of customers, by providing personalised 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 via digital clinics with none start-up prices and the power to hook up with a worldwide community of peer-to-peer help teams and companions. Through our cellular utility, we provide customers with a spread of seamless and hassle-free telehealth options, which encompasses teleconsultation providers, together with the issuance of digital medical certificates and supply of medicines to customers’ houses, in addition to different personalised providers comparable to weight administration applications. For extra data, 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, could represent “forward-looking statements” inside the that means of the Private Securities Litigation Reform Act of 1995. These statements embody, however aren’t 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 comprise these figuring out phrases. Actual outcomes could differ materially from these indicated by such forward-looking statements because of numerous essential elements, together with: the uncertainties associated to market situations 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, traders 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 communicate 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 data, future occasions or in any other case, besides as required by regulation.

For extra data, 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