secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIS HEALTH, INC. (GBCS)
CIK:        0000727346
Form:       8-K
Filed at:   2026-06-23T22:03:08+00:00
Accession:  0001493152-26-029837
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Selectis Health to be acquired by Black Pearl for $5.75 per share in cash
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- Selectis Health stockholders to receive $5.75 per share in cash in acquisition by Black Pearl Equities affiliates.
- Transaction expected to close in Q3 2026, subject to 70% minimum tender condition, regulatory approvals, and customary conditions.
- No financing contingency: Purchaser has committed funds for the Offer and Merger.
- Board unanimously approved the merger; certain stockholders agreed to tender their shares under a Tender and Support Agreement.
- Termination fee of $400,000 payable by Selectis if it accepts a superior proposal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727346/000149315226029837/0001493152-26-029837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727346/000149315226029837/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-029837

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