Black Pearl Equities, LLC Announces Tender Offer to Purchase Shares of Regional Health Properties, Inc.

Black Pearl Equities (Black Pearl) has announced a tender offer to purchase up to 49.9% of outstanding shares of Regional Health Properties (OTCQB: RHEP) at $4.25 per share in cash.

Rhea-AI Summary

Black Pearl Equities (Black Pearl) has announced a tender offer to purchase up to 49.9% of outstanding shares of Regional Health Properties (OTCQB: RHEP) at $4.25 per share in cash. The offer, announced on July 18, 2025, will expire on August 31, 2025 at 5:00 p.m. ET.

The tender offer is contingent on several conditions, including obtaining valid tenders for a minimum of 45% of outstanding shares, waiver of applicable rights plans, and no material adverse changes to RHEP's financial condition. The offer provides RHEP shareholders with a liquidity opportunity at a premium to recent market prices.

Positive

• Provides shareholders with immediate liquidity opportunity
• Offers a premium to recent market trading prices
• Clear exit option for shareholders not aligned with company's future direction

Negative

• Minimum 45% tender requirement may affect offer completion
• Subject to multiple conditions that could prevent successful completion
• Could result in significant ownership concentration if successful

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BROOKLYN, N.Y., July 25, 2025 /PRNewswire/ -- Black Pearl Equities, LLC ("Black Pearl") announced a tender offer on July 18, 2025 to purchase up to 49.9% of the outstanding common shares of Regional Health Properties, Inc. (OTCQB: RHEP) at a price of $4.25 per share in cash. The offer expires at 5:00 p.m. Eastern Time on August 31, 2025, unless extended by Black Pearl.

This tender offer provides an opportunity for Regional Health Properties shareholders seeking liquidity and an alternative to holding their investment in the company. Shareholders who prefer not to participate in the company's future direction may elect to tender their shares at a premium to recent market trading prices.

The offer is subject to specific conditions, including but not limited to, obtaining valid tenders for a minimum of 45% of the outstanding shares, the waiver or amendment of any applicable rights plans or ownership limitations by Regional Health Properties, and no occurrence of material adverse changes to the company's financial or operational condition. Detailed terms and conditions of the tender offer are described fully in the Schedule TO filed by Black Pearl Equities with the U.S. Securities and Exchange Commission ("SEC") on July 17, 2025.

This announcement is for informational purposes only and does not constitute an offer to buy, nor a solicitation of an offer to sell, any securities. No financial information or advice is provided other than informing shareholders of the tender price versus the current trading price of the Company's common shares.  Shareholders are strongly encouraged to read carefully the Schedule TO, https://www.sec.gov/Archives/edgar/data/1004724/000121390025065348/sctot0725_blackpearl.htm Offer to Purchase, and related documentation filed with the SEC as they contain important information about the offer. Shareholders should remain alert for further announcements from Black Pearl regarding any updates or changes to the tender offer. These materials are available at no charge on the SEC's website at www.sec.gov or by contacting Black Pearl Equities at to@blackpearlequities.com

Abe Schwartz
Chief Executive Officer
Black Pearl Equities LLC
(212) 235-1367

View original content:https://www.prnewswire.com/news-releases/black-pearl-equities-llc-announces-tender-offer-to-purchase-shares-of-regional-health-properties-inc-302514315.html

SOURCE Black Pearl Equities LLC

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the tender offer price for RHEP shares by Black Pearl Equities?

Black Pearl Equities is offering to purchase RHEP shares at $4.25 per share in cash.

When does the Black Pearl tender offer for RHEP shares expire?

The tender offer expires at 5:00 p.m. Eastern Time on August 31, 2025, unless extended by Black Pearl.

What percentage of RHEP shares is Black Pearl seeking to purchase?

Black Pearl is seeking to purchase up to 49.9% of the outstanding common shares of Regional Health Properties.

What are the main conditions for the RHEP tender offer?

The key conditions include obtaining valid tenders for a minimum of 45% of outstanding shares, waiver of applicable rights plans, and no material adverse changes to RHEP's financial condition.

How can RHEP shareholders access the tender offer documentation?

Shareholders can access the Schedule TO and related documentation through the SEC's website at www.sec.gov or by contacting Black Pearl Equities directly.