Nano Mobile Healthcare’s Board And Its Parent Company Approve Share Exchange Reducing Total Shares Outstanding

NEW YORK--(BUSINESS WIRE)--Nano Mobile Healthcare (OTCQB: VNTH), (“Nano Mobile” or the “Company”) has announced its board of directors has agreed to exchange common shares into preferred shares with Nanobeak LLC.

The Company entered into an exchange agreement (the “Exchange Agreement”) with its majority shareholder, Nanobeak, LLC (“Nanobeak”), pursuant to which Nanobeak exchanged 117,366,840 shares of the Company’s common stock, par value $0.001 (the “Common Stock”), in exchange for 23,473,368 shares of the Company’s Series A Convertible Preferred Stock, par value $0.001 (the “Series A Convertible Preferred”).

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