Black Pearl Equities Launches $5.75 Per Share Bid for Selectis Health

The tender offer, which values the company based on a June 22 merger agreement, is scheduled to expire at 5:00 p.m. New York time on August 10, 2026. Completion of the deal requires at least 70% of Selectis common stock to be tendered, along with standard regulatory approvals. Notably, the transaction is free of financing contingencies. Following the successful tender, Black Pearl intends to execute a short-form merger under Utah law to acquire any remaining shares at the same $5.75 price point, bypassing the need for a formal stockholder vote.

Selectis Health, which currently operates eight skilled nursing and assisted living facilities across Arkansas and Oklahoma, has seen its board of directors unanimously recommend that stockholders accept the offer. Laurel Hill Advisory Group is managing information requests for the transaction, while Broadridge Corporate Issuer Solutions serves as the depositary. Parties interested in the formal terms are directed to the Schedule TO and Schedule 14D-9 filings submitted to the U.S. Securities and Exchange Commission.