Mobile-health Network (NASDAQ: MNDR) pursues up to US$100M private equity funding for AI health
Rhea-AI Filing Summary
Mobile-health Network Solutions has signed a non-binding Letter of Memorandum with White Group Pte. Ltd. for a proposed strategic collaboration to facilitate up to US$100 million in private equity investment into the company’s shares. Any funds raised are intended to support AI-powered healthcare initiatives, including sports health physiotherapy and digital care for athletes at World Championship–level events, as well as broader digital health infrastructure.
White Group is expected to present a U.S.-based private equity fund candidate to the company’s board within about 60 days, with an indicative target of July 2026. For each drawdown of capital, White Group would receive a facilitation fee equal to either 5% of the drawn amount in shares, or 2.5% in shares plus 2.5% in cash, with any shares priced at the prevailing market price on the drawdown date. The memorandum is largely non-binding, and there is no assurance that definitive agreements or any funding transaction will be completed.
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Insights
MNDR outlines a potential US$100M private equity facilitation, but terms remain preliminary and non-binding.
Mobile-health Network Solutions has entered a non-binding memorandum with White Group to help secure up to US$100 million in private equity investment, payable in company shares. The contemplated capital would fund AI-powered healthcare and sports health initiatives, aligning with the firm’s digital health focus.
The structure includes a facilitation fee of up to 5% of each drawdown, either fully in shares or split between shares and cash, which could add issuance or cash costs if transactions proceed. Timing and completion remain uncertain, with only an indicative target around July 2026 and explicit language that no definitive deal is assured.
If a suitable U.S.-based private equity fund is identified and terms are finalized, this framework could strengthen MNDR’s capital base for expansion. However, investor impact depends on whether any drawdowns occur, the pricing of issued shares, and detailed terms that would appear only in future definitive agreements and related disclosures.
Key Figures
Key Terms
non-binding Letter of Memorandum regulatory
facilitation fee financial
private equity fund financial
forward-looking statements regulatory
AI-powered digital health platform technical
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 May 2026
Commission file number: 001-41990
Mobile-health Network Solutions
(Exact name of registrant as specified in its charter)
2 Venture Drive, #07-08 Vision Exchange
Singapore 608526
+65 6222 5223
(Address of 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 ☐
Entry into a Non-Binding Letter of Memorandum.
On May 12, 2026, Mobile-health Network Solutions (the “Company”) entered into a non-binding Letter of Memorandum (“Memorandum”) with White Group Pte. Ltd. (“White Group”) regarding a proposed strategic collaboration. Pursuant to the Memorandum, White Group undertakes to identify and facilitate a U.S.-based private equity fund to partner and provide investment in the Company of up to US$100 million in exchange for the Company’s shares in the equivalent commitment amount, to facilitate the kick-off and sustained scaling of the Company’s healthcare technology initiatives. White Group is to present the selected private equity fund candidate for review by the Company’s board within the next 60 days.
The Memorandum contemplates a facilitation fee payable to White Group upon each drawdown of funds. Such fee would be payable either (i) entirely in shares equal to 5% of the drawn amount, or (ii) as a combination of 2.5% in shares and 2.5% in cash. Any shares issued as part of the facilitation fee would be valued at the prevailing market price on the relevant drawdown date.
The Memorandum reflects preliminary terms only and is generally non-binding with respect to the consummation of any definitive transaction. There can be no assurance that the parties will execute definitive agreements, or that any contemplated transaction will be completed on the terms described, or at all.
On May 13, 2026, the Company issued a press release announcing its entry into the Memorandum. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 6-K.
Forward-Looking Statements
This report on Form 6-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, statements regarding the ability to successfully execute on the plans and undertakings contemplated in the agreements discussed in this report.
Additional forward-looking statements can be identified by terminology such as “may,” “might,” “could,” “will,” “aims,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. These statements are not guarantees of future performance and are subject to a number of risks. The reader should not place undue reliance on these forward-looking statements, as there can be no assurances that the plans, initiatives or expectations upon which they are based will occur. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the SEC from time to time. Copies of these filings are available online from the SEC at www.sec.gov, or on the SEC Filings section of our Investor Relations website at https://investors.manadr.com/sec-filings. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press release |
SIGNATURES
Pursuant to the requirements of the Securities and 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: May 13, 2026 | By: | /s/ Siaw Tung Yeng |
| Siaw Tung Yeng | ||
| Co-Chief Executive Officer | ||
Exhibit 99.1
Mobile-health Network Solutions Enters into Non-binding Strategic Memorandum to Facilitate Up to US$100 Million in Private Equity Funding for AI-Powered Healthcare Expansion
Singapore, May 13, 2026 — Mobile-health Network Solutions (NASDAQ: MNDR) (“MNDR” or the “Company”), a leading AI-powered digital health platform, today announced that it has entered into a Letter of Memorandum with White Group Pte. Ltd. (Singapore) (“White Group”) outlining a strategic collaboration to facilitate private equity funding of up to US$100 million to support MNDR’s AI-powered healthcare expansion and digital health infrastructure initiatives.
Under the memorandum, White Group has committed to identifying and facilitating a U.S.-based private equity fund to partner with MNDR. The contemplated funding is intended to support the initial launch and long-term scaling of MNDR’s advanced healthcare technology operations. Any investment arising from this process would be subject to customary reviews, approvals, and applicable regulatory requirements.
Focus on Advanced Sports Health and Digital Care
Proceeds from any funds raised through the private equity facilitation are designated exclusively for MNDR’s healthcare technology initiatives. These include the development and delivery of sports health physiotherapy and treatment programs, as well as the support of male and female athletes competing at World Championship–level sporting events.
Leadership Commentary
“MNDR, being the largest telehealth platform in Singapore, is now bringing sports health into its ecosystem,” said Peh Chin Hua, Chairman of White Group Pte. Ltd. “This expansion will not only enhance athlete care but also increase its presence on the world stage.”
Dr. Siaw Tung Yeng, Co-CEO of Mobile-health Network Solutions, added that the partnership represents “a pivotal step in advancing AI-powered healthcare. By integrating sports health and physiotherapy into our platform, we are creating a holistic digital health solution that empowers both everyday patients and elite athletes worldwide.”
Proposed Facilitation Structure
The memorandum outlines a proposed facilitation fee structure whereby, upon each drawdown of funds (up to an aggregate of US$100 million), MNDR would issue a facilitation fee to the White Group, payable either:
| ● | entirely in shares amounting to 5% of the drawn capital, or | |
| ● | a combination of 2.5% in shares and 2.5% in USD cash. |
Any shares issued under the facilitation fee would be based on the prevailing market price on each subsequent drawdown date.
Indicative Timeline
As part of the execution roadmap, White Group plans to present a suitable private equity fund candidate to the MNDR Board of Directors for review within approximately 60 days, with an indicative target of July 2026. The parties have also acknowledged the importance of meeting applicable U.S. SEC disclosure requirements in connection with any potential transaction.
Non-Binding Understanding
The Letter of Memorandum is non-binding and reflects the parties’ intent to explore a collaborative pathway to strengthen MNDR’s capital base and accelerate its mission in AI-driven global healthcare solutions.
About White Group Pte. Ltd.
White Group Pte. Ltd. is a privately owned boutique investment and development firm based in Singapore, established in 2005. The group focuses on investing in and managing businesses that create positive impact for people and society by addressing real-world challenges through innovative and practical solutions.
White Group partners with purpose-driven companies and brands that seek to deliver tangible benefits to their communities. Its investment approach emphasizes long-term economic development and sustainable growth across sectors such as technology, healthcare, and housing, leveraging innovation to drive meaningful outcomes.
With strategic interests primarily in China and Southeast Asia, White Group acquires, invests in, and manages businesses operating in areas including real estate, technology, and healthcare. The group’s investments are guided by a commitment to building enduring value for partners while contributing to sustainable and inclusive growth.
About Mobile-health Network Solutions
Mobile-health Network Solutions is a leading AI-powered digital health platform headquartered in Singapore, with operations across Southeast Asia and expanding into the US. The company provides telemedicine, AI-driven health tools, and virtual clinic infrastructure to empower patients and doctors worldwide. Its mission is to make healthcare accessible, intelligent, and human—through technology. 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 financial and business prospects, anticipated benefits of the Company’s advancement into sports health, the Company’s goals and future activity, including continued development of proprietary and AI-driven technologies, strategic partnerships, and its capital initiatives. 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 because 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, #07-08 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: ir@skylineccg.com