secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIS HEALTH, INC. (GBCS)
CIK:        0000727346
Form:       8-K
Filed at:   2026-10-09T20:54:23+00:00
Accession:  0001493152-26-046568
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.01, 2.03, 1.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Selectis Health completes merger with Black Pearl Equities II; shareholders receive $5.75 per share
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- On October 5, 2026, Merger Sub merged into Selectis Health, Inc.; Selectis became a wholly owned subsidiary of Black Pearl Equities II, LLC and an indirect subsidiary of Parent.
- Offer price and merger consideration were $5.75 per share; 2,789,027 shares (~90.93%) tendered; aggregate cash consideration was about $17,635,589, excluding warrants and other equity awards.
- The Company became a borrower under a Credit Agreement with Milrose Capital, LLC and SCG Experts Corp.; $18,226,250 term loans bear 5.0% interest and mature August 28, 2031.
- Clifford L. Neuman, Kent J. Lund, and Richard Huebner ceased serving as directors; Krystal Eckhart ceased as interim CFO; Abraham Schwartz and Zalman Schapiro became directors and officers.
- Selectis notified FINRA; Shares will no longer be quoted on OTCQB. It intends to file Form 15 to terminate Exchange Act registration and suspend reporting obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727346/000149315226046568/0001493152-26-046568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727346/000149315226046568/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-046568

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