secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIS HEALTH, INC. (GBCS)
CIK:        0000727346
Form:       8-K
Filed at:   2026-09-09T01:36:35+00:00
Accession:  0001493152-26-041840
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 3.03, 5.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Black Pearl completes tender offer for Selectis Health at $5.75/share; 90.93% tendered
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727346/000149315226041840/0001493152-26-041840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727346/000149315226041840/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-041840

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