Black Pearl completes tender offer for Selectis Health at $5.75 a share

Reuters2026/09/01 13:28

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Black Pearl Equities completed a tender offer to buy all outstanding Selectis Health shares at USD 5.75 per share in cash.
The offer expired Aug. 31; 2,789,027 shares were tendered, representing about 90.93% of shares outstanding.
Black Pearl accepted the tendered shares for payment, with cash settlement expected promptly.
A follow-on merger is expected to cash out remaining shares at the same USD 5.75 per share.
Selectis is expected to become an indirect wholly owned subsidiary of Black Pearl once the merger closes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Selectis Health Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY38125) on September 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Black Pearl completes tender offer for Selectis Health at $5.75 a share

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