other material
confidence high
sentiment neutral
materiality 0.40
Selectis Health exchanges $640K debt for 128K shares at $5/share to boost equity for listing
SELECTIS HEALTH, INC.
- Exchanged $640K principal of 2018 11% Senior Secured Promissory Notes for 128K common shares at $5.00/share.
- Transaction effective Dec 31, 2021; completed Jan 6, 2022; involved 13 note holders.
- Paid $6,100 solicitation fee to GVC Capital LLC for conversions by its clients.
- Exchange intended to raise net equity above $4M to support exchange listing application.