SELECTIS HEALTH, INC. (GBCS): Completion of Acquisition or Disposition of Assets
SELECTIS HEALTH, INC. (GBCS) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 PRESS RELEASE BLACK PEARL COMPLETES TENDER OFFER FOR ALL OUTSTANDING SHARES OF SELECTIS HEALTH, INC. New York, NY – September 1, 2026 — Black Pearl Equities, a New York-based investment group (together with its affiliates, “Black Pearl”), announced today that it has
How this was made
The 30-second read
Why it matters
The acquisition provides immediate liquidity to shareholders and may trigger delisting of GBCS from OTCQB, affecting liquidity and market access.
Market read
The deal is a material event for GBCS shareholders and may influence other small‑cap healthcare operators.
What to watch
Potential regulatory scrutiny of the merger and the impact on existing debt covenants were not detailed.
Background
Selectis Health operates skilled nursing and assisted‑living facilities in the Southern U.S. and was the target of a cash tender offer by Black Pearl Equities.
Ticker impact
Black Pearl completed its tender offer for Selectis Health, acquiring ~90.9% of shares at $5.75 cash per share, leading to a cash-out merger.
Share price should converge to $5.75 and may rise slightly on the news before delisting.
The tender offer is fully satisfied and the merger will close without a shareholder vote, delivering a known cash amount to holders.
Market effects
Consolidation in the senior‑care facilities sector may pressure peer valuations.
Limited to U.S. OTC market; minimal broader regional effect.
Low; the deal is micro‑cap and sector‑specific.
Counterpoint
If the integration risks materialize, the cash payout may be insufficient, and the stock could underperform the tender price.
Key entities
- CompanySelectis Health, Inc.
OTCQB‑listed senior‑care operator being acquired.
- Investment FirmBlack Pearl Equities
Acquirer completing the tender offer.