# EDGAR Filing Document

**Accession Number:** 0001004724
**File Stem:** 0001099910-25-000208
**Filing Date:** 2025-8
**Character Count:** 8711
**Document Hash:** a7d71ee8faaba1f751bcffdbca5fe59a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099910-25-000208.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001099910-25-000208

**CONFORMED SUBMISSION TYPE**: SC TO-T/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250822

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** REGIONAL HEALTH PROPERTIES, INC
- **CENTRAL INDEX KEY:** 0001004724
- **STANDARD INDUSTRIAL CLASSIFICATION:** LESSORS OF REAL PROPERTY, NEC [6519]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 815166048
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-T/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-83967
- **FILM NUMBER:** 251247445

**BUSINESS ADDRESS:**
- **STREET 1:** 1050 CROWN POINTE PARKWAY
- **STREET 2:** SUITE 720
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30338
- **BUSINESS PHONE:** 678-869-5116

**MAIL ADDRESS:**
- **STREET 1:** 1050 CROWN POINTE PARKWAY
- **STREET 2:** SUITE 720
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30338

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADCARE HEALTH SYSTEMS, INC
- **DATE OF NAME CHANGE:** 20130530

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADCARE HEALTH SYSTEMS INC
- **DATE OF NAME CHANGE:** 19951208
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Black Pearl Equities LLC
- **CENTRAL INDEX KEY:** 0002077187

**ORGANIZATION NAME:**
- **EIN:** 873801160
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-T/A

**BUSINESS ADDRESS:**
- **STREET 1:** 901 MYRTLE AVE
- **CITY:** BROOLYN
- **STATE:** NY
- **ZIP:** 11206
- **BUSINESS PHONE:** (212) 235-1367

**MAIL ADDRESS:**
- **STREET 1:** 901 MYRTLE AVE
- **CITY:** BROOLYN
- **STATE:** NY
- **ZIP:** 11206

AS FILED WITH THE U. S. SECURITIES AND EXCHANGE COMMISSION ON AUGUST 22, 2025

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

_________________

**SCHEDULE TO-T/A**

**TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OF THE SECURITIES EXCHANGE ACT OF 1934**

**(Amendment No. 1)**

_________________

**<u>Regional Health Properties, Inc.</u>**

(Exact name of subject company (issuer))

**<u>Black Pearl Equities, LLC, Offeror</u>**

(Name of filing person)

**<u>Common Stock, CUSIP #75903M309</u>**

(Title of class of securities)

_________________

**Abraham Schwartz, President**

**Black Pearl Equities, LLC**

**901 Myrtle Avenue**

**Brooklyn, New York 11206**

**Phone: (212) 235-1367** 

**E-mail: to@blackpearlequities.com**

*(Name, Address, Including Zip Code and Telephone Number,*

*Including Area Code, of Agent for Service)*

**WITH COPIES OF ALL CORRESPONDENCE TO:**

**Thomas C. Cook, Esq.**

**The Law Offices of Thomas C. Cook**

**10470 W. Cheyenne Avenue Suite 115, PMB 303**

**Las Vegas, Nevada 89129**

**Phone: (702) 524-9151**

**E-mail: tccesq@aol.com**

Check the appropriate boxes below to designate any transactions to which the statement relates:

☒ third party tender offer subject to Rule 14d-1

☐ issuer tender offer subject to Rule 13e-4

☐ going private transaction subject to Rule 13e-3

☐ amendment to Schedule 13D under Rule 13d-2 .

☒ Check the box if the filing is a final amendment reporting the results of the tender offer.

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

☐ Rule 13e-4(i) (Cross-Border Issuer Tender Offer)

☐ Rule 14d-1(d) (Cross-Border Third Party Tender Offer)<br>

**SCHEDULE TO**

This Amendment No. 1 ("Amendment No. 1") amends and supplements the Tender Offer Statement on Schedule TO (the "Schedule TO") originally filed with the U.S. Securities and Exchange Commission on July 17, 2025, by Black Pearl Equities, LLC, a New York limited liability company (the "Offeror"). The Schedule TO relates to the Offeror's tender offer (the "Offer") to purchase up to 49.9% of the outstanding shares of common stock (the "Shares") of Regional Health Properties, Inc., a Georgia corporation (the "Company"), at a price of $4.25 per Share in cash, without interest, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated July 17, 2025 (the "Offer to Purchase"), and in the related Letter of Transmittal, as each may have been amended or supplemented.<br>This Amendment No. 1 is the final amendment to the Schedule TO and is being filed to report that the Offer has been terminated. The Offeror has determined to terminate the Offer, without accepting any Shares for purchase, as a result of the occurrence of conditions to the Offer that have not been satisfied. Specifically, the decision to terminate the Offer is based on the occurrence of certain contingencies described in the Offer to Purchase, including: (A) the completion of a merger between the Company and SunLink Health Systems, Inc.; (B) the announcement of a disposition of a significant asset by the Company. Each of the foregoing events falls within the contingencies disclosed in the Offer to Purchase (and referenced in the original Schedule TO), including the condition permitting termination upon "a proposed, announced, or consummated significant corporate structure change (including, without limitation, a merger or disposition of significant corporate assets)"; the Offeror has not waived these conditions and has accordingly exercised its right to terminate the Offer.<br>Accordingly, the Offeror has exercised its right to terminate the Offer. No Shares have been or will be purchased in the Offer, and any Shares previously tendered and not withdrawn will be promptly returned to the tendering stockholders in accordance with the requirements of Rule 14e-1(c) under the Securities Exchange Act of 1934.

Except as expressly set forth in this Amendment No. 1, all terms and conditions of the Offer as previously disclosed in the Schedule TO and the Offer to Purchase remain unchanged.

**Item 12. Exhibits**

Exhibit Table

[(a)(5)(A)](ex99-a5a.htm) [Press Release issued by Black Pearl Equities, LLC, dated August 21, 2025](ex99-a5a.htm)

SIGNATURES

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: August 22<u>, 2025</u>

---

| |
|:---|
| **BLACK PEARL EQUITIES, LLC** |
| <br> By:/s/ Abraham Schwartz |
| Abraham Schwartz<br> Chief Executive Officer, President and Director<br>|

---

## Ex-99.(A)(5)(A)

**Exhibit (a)(5)(A)**

<br>FOR IMMEDIATE RELEASE

**Black Pearl Equities terminates tender offer for Regional Health Properties**

Decision follows SunLink merger and announced asset-disposition agreement; firm also cites recent quarterly results; no shares to be purchased.<br>Brooklyn, NY — August 22, 2025. Black Pearl Equities, LLC ("Black Pearl") said it has withdrawn and terminated its cash tender offer to acquire up to 49.9% of the outstanding common stock of Regional Health Properties, Inc. at $4.25 per share.<br>Black Pearl said the termination relies on pre-disclosed offer conditions permitting termination upon a "proposed, announced, or consummated significant corporate structure change (including, without limitation, a merger or disposition of significant corporate assets)." The firm cited the completion of the SunLink merger and the announcement of a significant asset-disposition agreement (not yet closed) as events falling within that condition. Under the same terms, any tendered shares are to be returned to shareholders.<br>No shares have been or will be purchased. To the extent any shares were tendered, such shares will be promptly returned in accordance with the Offer to Purchase.<br>**Background on the offer<br>** <br> Black Pearl's tender offer sought to purchase up to 1,118,877 shares of RHE common stock at $4.25 per share in cash, subject to the terms and conditions set forth in the Offer to Purchase and related materials.

Contact:<br> Black Pearl Equities, LLC<br> (212) 235-1367<br> to@blackpearlequities.com

For details regarding the tender offer and its withdrawal, please refer to Black Pearl's original Schedule TO (filed July 17, 2025), the Offer to Purchase dated July 17, 2025, the related Letter of Transmittal, and Amendment No. 1 to Schedule TO-T/A reporting the withdrawal. These and other documents are available via the SEC's EDGAR system. This announcement is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell any securities. Forward-looking statements are subject to risks and uncertainties; actual outcomes may differ materially.

<br> Abe Schwartz<br> Chief Executive Officer & President<br> Black Pearl Equities, LLC