other material
confidence high
sentiment neutral
materiality 0.55
Selectis Health converts $795K of 11% Notes to 159K shares to boost net equity above $4M
SELECTIS HEALTH, INC.
- Converted additional $165K in 11% Senior Secured Notes for 33K shares at $5/share on Jan 17, 2022.
- Total Exchange Offering: $795K principal exchanged for 159K shares issued to 15 Note holders.
- Exchange intended to increase net equity above $4M to support exchange listing approval.
- Paid $8,200 solicitation fee to GVC Capital for converting client-held Notes.
- Shares issued as restricted securities under Section 4(a)(2) exemption from registration.