Public Company Management entered into a Share Exchange Agreement to acquire all outstanding shares of Physicians Capital Management in a stock-for-stock transaction. Conrad Ivie will exchange his Physicians shares for 68,566,368 PCMC common shares and 24,913,918 preferred shares, resulting in approximately 80% ownership on an as-converted, fully diluted basis after closing. Series B-1 and B-2 preferred shares convert after 18 and 24 months at four-for-one and eight-for-one ratios, respectively, while Series A is intended to provide voting control. The deal positions PCMC to focus on healthcare real estate, with closing expected in the third quarter of 2026, subject to customary conditions.
Agreement details:
- Agreement type: Share Exchange Agreement to acquire all outstanding shares of Physicians Capital Management
- Counterparty: Physicians Capital Management
- Signed / Effective: Jun 30 2026 / Jun 30 2026
- Duration / Termination: Until closing
- Reason: Enter healthcare real estate and gain controlling ownership
Original SEC Filing:
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