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

The offer is scheduled to expire at 5:00 p.m. New York City time on August 10, 2026, unless extended by the acquiring group. For the transaction to proceed, Black Pearl requires the valid tender of at least 70% of Selectis common stock, alongside customary regulatory approvals. The deal notably contains no financing contingencies, signaling a direct path to acquisition. Following the tender, Black Pearl intends to execute a short-form merger under the Utah Revised Business Corporation Act to acquire any remaining shares.

Selectis Health, which operates eight nursing and assisted living facilities across Arkansas and Oklahoma, has seen its board of directors unanimously recommend that stockholders accept the offer. Detailed terms of the solicitation will be available in the forthcoming Schedule 14D-9 filing with the SEC. Shareholders seeking further clarification or documentation regarding the tender process can contact the information agent, Laurel Hill Advisory Group, at (844) 305-2265.