M&A
confidence high
sentiment neutral
materiality 1.00
Black Pearl completes tender offer for Selectis Health at $5.75/share; 90.93% tendered
SELECTIS HEALTH, INC.
- 2,789,027 shares (90.93%) validly tendered; all conditions satisfied, payment to proceed.
- Aggregate cash consideration ~$17.6M; remaining shares to be converted at same $5.75 in merger.
- New $18.2M credit agreement with Milrose Capital and SCG Experts funds the acquisition.
- Lance J. Baller and CEO Krystal Eckhart resigned; Abraham Schwartz and Zalman Schapiro appointed directors.
- Shares to be delisted from OTCQB; Form 15 to terminate SEC registration and reporting.