NewsHK
Take-private interest in smaller healthcare names has been building as liquidity in over-the-counter markets thins and private capital searches for entry points at scale.
Black Pearl Equities, a New York-based investment group acting together with its affiliates, announced on July 13 that it has commenced a tender offer to acquire every outstanding share of common stock in Selectis Health, Inc.
The company trades on the OTCQB market. The offer and what it signals Black Pearl is bidding for the full float, every share currently in public hands.
That all-or-nothing approach points to a privatization rather than an influence stake.
Keep reading