secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIS HEALTH, INC. (GBCS)
CIK:        0000727346
Form:       8-K
Filed at:   2022-01-10T23:59:59+00:00
Accession:  0001493152-22-000724
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Selectis Health exchanges $640K debt for 128K shares at $5/share to boost equity for listing
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727346/000149315222000724/0001493152-22-000724-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727346/000149315222000724/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-000724

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer