First Choice also plans a 1-for-2,000 reverse stock split before a proposed Nasdaq listing tied to the Wellgevity 360 business combination expected to close in the fourth quarter of 2026, subject to approvals.
First Choice Healthcare Solutions, Inc. said it has agreed to merge with Westin Acquisition Corp. in a SPAC transaction that implies a pre-money equity value of about $650 million and would rebrand the combined company as Wellgevity 360. Separately, First Choice said it will implement a 1-for-2,000 reverse stock split of its publicly traded common stock, reducing 32,958,288 outstanding shares as of June 30, 2026 to 16,429 shares, ahead of a planned Nasdaq listing connected to the proposed deal. The transaction was approved by both boards and is expected to close in the fourth quarter of 2026, subject to shareholder, regulatory, SEC registration statement effectiveness and Nasdaq listing approval.