Selectis Health Goes Private at $5.75/Share as Merger Closes, Assumes $18.2M Debt
Summary
Selectis Health completed its merger with Black Pearl Equities II on October 5, 2026. Remaining shareholders receive $5.75 per share in cash, the company assumes $18.2 million in term loan debt, and the stock will be delisted from OTCQB.
Key Events · M&A and Partnerships · GBCS
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Merger Completed
On October 5, 2026, Merger Sub merged into Selectis Health, making the company a wholly owned subsidiary of Black Pearl Equities II. Each remaining share was converted into the right to receive $5.75 in cash.
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Debt Assumption
The company became a borrower under the Credit Agreement and is now jointly and severally liable for the $18,226,250 Term Loans, which bear interest at 5.0% per annum and mature August 28, 2031.
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Warrant Treatment
All outstanding warrants were cancelled and converted into the right to receive the excess of $5.75 over the applicable exercise price, if any; warrants with exercise prices at or above $5.75 were cancelled without payment.
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Delisting and Deregistration
The company notified FINRA of the merger and the shares will no longer be quoted on OTCQB. The company intends to file Form 15 to terminate registration and suspend reporting obligations.
Analysis · GBCS · Real Estate & Construction
The merger with Black Pearl Equities II closed on October 5, 2026, converting each remaining share into $5.75 cash and making Selectis Health a wholly owned subsidiary. Simultaneously, the company became a borrower on the $18.2 million term loan used to fund the deal, and its shares will be delisted from OTCQB with a Form 15 deregistration to follow. This marks the final step in a going-private transaction that had been pending since June 2026.
How filings like this one have moved
In the 30 days to Oct 9, 2026, 36.7% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GBCS was trading at $5.73 on OTC in the Real Estate & Construction sector, with a market capitalization of approximately $17.6M. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.