Jul 28, 5:46 PM ET
Westin Acquisition agrees to merge with First Choice Healthcare, valued at $650 million
Westin Acquisition Corp, a Cayman Islands special purpose acquisition company, signed a business combination agreement on July 22, 2026 with First Choice Healthcare Solutions, Inc. Under the deal, Westin will redomicile to Nevada as Wellgevity 360, Inc. and First Choice will become a wholly owned subsidiary, with the company valued at an equity value of up to approximately $650 million. The transaction requires shareholder and SEC approvals and is expected to close in the fourth quarter of 2026, so shareholders will face a vote and potential dilution from new shares issued.
- Business combination agreement signed July 22, 2026; Westin to redomicile to Nevada as Wellgevity 360, Inc.
- Equity value of up to approximately $650 million, paid in PubCo common stock
- PIPE investors may buy up to $10,000,000 of PubCo preferred stock, with no subscription agreements executed yet
- Transaction expected to close in the fourth quarter of 2026, subject to shareholder and SEC approvals