Business
Black Pearl Commences Tender Offer for Selectis Health, Inc.
Black Pearl Commences Tender Offer for Selectis Health, Inc..
About this update from Selectis Health,inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Black Pearl Commences Tender Offer for Selectis Health, Inc.\r\n \r\n \r\n\r\n\r\nBlack Pearl Commences Tender Offer for Selectis Health, Inc.\r\n\r\n\r\n\r\n\r\n\r\n\r\nBROOKLYN, N.Y., March 11, 2026 /PRNewswire/ -- Black Pearl Equities, LLC has commenced a tender offer to purchase up to 100% of the outstanding shares of Selectis Health, Inc. (OTCQB: GBCS) at $5.05 per share, in cash. The full terms of the offer, including complete instructions and links for shareholders who wish to tender their shares, are contained in the Schedule TO filed today with the Securities and Exchange Commission. Shareholders are encouraged to read it or call (800) 769-4414 for assistance.\r\n\"This offer represents a 45% premium to today's trading price. We believe this is in the best interest of shareholders and welcome the opportunity to work constructively with the Board toward a successful outcome. Selectis shareholders are encouraged to tender their shares or contact D.F. King & Co. at (800) 769-4414 to learn how.\"\r\n — Abe Schwartz, CEO, Black Pearl Equities, LLC\r\n To Shareholders: Please read the Offer to Purchase and related materials filed with the SEC at www.sec.gov before making any decision. Consult your own financial, legal, and tax advisors. The decision is yours to make.\r\n The Tender Offer will expire at 5:00 p.m., New York City time, on May 11, 2026, unless extended (such date and time, as the same may be extended, the \"Expiration Time\") or earlier terminated. In order to receive the Offer Price, holders and beneficial owners of shares subject to the Tender Offer must validly tender and not validly withdraw their shares on or prior to the Expiration Time, in accordance with the procedures described in the Tender Offer Materials.\r\n The Offer is subject to certain conditions, including, among others, a minimum tender condition requiring that at least 51% of the outstanding shares of Selectis Health be validly tendered and not withdrawn prior to the Expiration Time, the absence of a material adverse change with respect to Selectis Health, and the satisfaction of other customary closing conditions as set forth in the Offer to Purchase. As of the date of this press release, the Board of Directors of Selectis Health has not yet formally responded to the Offer. Shareholders are encouraged to car...