UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of December 2024
Mobile-health
Network Solutions
2
Venture Drive, #07-06/07 Vision Exchange
Singapore
608526
+65
6222 5223
(Address,
including zip code, and telephone number, including area code, of Registrant’s principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form
20-F ☒ Form 40-F ☐
When
used in this Form 6-K, unless otherwise indicated, the terms “the Company,” “Mobile-Health,” “we,”
“us” and “our” refer to Mobile-health Network Solutions and its subsidiaries.
Information
Contained in this Form 6-K Report
On
December 20, 2024, the Ministry of Health Singapore has issued the decision pursuant to section 21(4) of the Healthcare Services Act
(HCSA), to revoke the license granted to Manadr Clinic Pte. Ltd., a subsidiary of the Company, to provide outpatient medical service
through all approved modes of service delivery, i.e. at permanent premises and temporary premises, and through remote provision, effective
immediately (the “Suspension”).
On
December 24, 2024, the Company issued a press release discussing the Suspension, which is filed as exhibit 99.1 to this Form 6-K.
EXHIBIT
INDEX
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
| |
Mobile-health
Network Solutions |
| |
|
|
| Date:
December 26, 2024 |
By: |
/s/
Siaw Tung Yeng |
| |
Name: |
Siaw
Tung Yeng |
| |
Title: |
Co-Chief
Executive Officer |
Exhibit
99.1
Mobile-health
Network Solutions Announces Closing of City Gate Clinic,
Charts
Path Forward in 2025
SINGAPORE,
December 24, 2024 – Mobile-health Network Solutions (Nasdaq: MNDR) (“MNDR” or “the Company”),
a global leader in telemedicine and digital health innovation, today announced that, due to the Ministry of Health (MOH)’s revocation
of the license of the Company’s subsidiary, Manadr Clinic Pte Ltd (the “Unit”), located at Beach Road City Gate,
that Unit has now been closed.
The
Unit’s revenue from in-person consultations has had a minimal impact on MNDR’s overall business, accounting for less than
2% of the Company’s total FY2024 revenue, and the Unit’s in-person segment has been operating at a loss. As far as the Unit’s
teleconsultation operations, majority of the patients who were utilizing these services are now being served by alternative clinics in
our network, and MNDR is actively supporting these clinics in providing competent, compassionate, and uninterrupted service to these
patients.
This
development, however, will not prevent MNDR from carrying out its program of growth and expansion. As we continue our engagement with
various clinics and healthcare providers, our teleconsultation revenue has since recovered to approximately 55% of our peak pre-incident.
We will continue to engage with our stakeholders through community events and anticipate to recover our teleconsultation within the next
12 months. Our Company is also continuing our rapid geographical expansion beyond the shore of Singapore to APAC and globally and is
now present in 28 countries. Most importantly, we are continuing to move ahead with building an AI-powered healthcare platform made simple.
All
of these steps, we believe, are bringing us closer to achieving our founding mission of providing the highest quality, comprehensive,
near instant, 24/7 global healthcare platform, accessible and affordable to all. This is the mission and the identity that defines us,
and we pledge that nothing shall deter us from achieving this goal.
About
Mobile-health Network Solutions
Ranked
#41 in the Financial Times 2024 listing of 500 High-growth Asia-Pacific Companies, we are the first telehealth provider from the Asia-Pacific
region to be listed in the US. Through our platform, we offer personalized and reliable medical attention to users worldwide. Our platform
allows our community of healthcare providers to have broader reach to users through virtual clinics without any start-up costs and the
ability to connect to a global network of peer-to-peer support groups and partners. Our range of seamless and hassle-free telehealth
solutions includes teleconsultation services, prescription fulfillment and other personalized services such as weight management programs
and gender-specific care. For more information, please visit our website.
FORWARD-LOOKING
STATEMENTS
Certain
statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement
and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,”
“should,” “target,” “will,” “would” and similar expressions are intended to identify
forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are
not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from
the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks
including, but not limited to, the following: the Company’s ability to execute our strategies, manage growth and maintain our corporate
culture; the Company’s future business development, financial conditions and results of operations; expectations regarding demand
for and market acceptance of our products and services; changes in technology; economic conditions; the growth of the telehealth solutions
industry in Singapore and the other international markets the Company plans to serve; reputation and brand; the impact of competition
and pricing; government regulations; fluctuations in general economic and business conditions in Singapore and the international markets
the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by
the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking
statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and
Mobile-health Network Solutions specifically disclaims any obligation to update any forward-looking statement, whether as a result of
new information, future events or otherwise, except as required by law.
For
media inquiries, 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
Investor
Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: info@skylineccg.com
Mobile health Network So... (NASDAQ:MNDR)
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