secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIS HEALTH, INC. (GBCS)
CIK:        0000727346
Form:       8-K/A
Filed at:   2022-01-21T23:59:59+00:00
Accession:  0001493152-22-001919
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Selectis Health converts $795K of 11% Notes to 159K shares to boost net equity above $4M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727346/000149315222001919/0001493152-22-001919-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727346/000149315222001919/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-001919

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