Authentic Holdings, Inc., Closes $11 Million Acquisition of Goliath Motion Pictures Promotions
Authentic Holdings (OTC:AHRO) has completed the $11 million acquisition of Goliath Motion Pictures Promotions. The deal adds significant content to AHRO's library, including popular shows like "In Living Color" and films featuring stars like Kevin Costner and Elvis Presley. The acquisition was executed through Convertible Preferred Stock with a 3-year lock-up period and subsequent 20% annual conversion limit, preventing immediate shareholder dilution.
The company currently operates in 61 Designated Market Areas (DMAs) and aims to expand to 100 DMAs. The acquisition strengthens AHRO's balance sheet with tangible assets and positions it for potential uplisting to a higher exchange. The content library will be leveraged for Video on Demand opportunities and revenue-sharing programs with media distribution companies.
Authentic Holdings (OTC:AHRO) ha completato l'acquisizione da 11 milioni di dollari di Goliath Motion Pictures Promotions. L'accordo arricchisce la libreria di AHRO con contenuti importanti, inclusi programmi popolari come "In Living Color" e film con star del calibro di Kevin Costner ed Elvis Presley. L'acquisizione è stata effettuata tramite azioni privilegiate convertibili con un periodo di blocco di 3 anni e un limite annuale di conversione del 20%, evitando così una diluizione immediata degli azionisti.
Attualmente l'azienda opera in 61 Designated Market Areas (DMA) e punta a espandersi fino a 100 DMA. L'acquisizione rafforza il bilancio di AHRO con asset tangibili e la posiziona per un possibile passaggio a una borsa di livello superiore. La libreria di contenuti sarà utilizzata per opportunità di Video on Demand e programmi di condivisione dei ricavi con società di distribuzione media.
Authentic Holdings (OTC:AHRO) ha completado la adquisición de 11 millones de dólares de Goliath Motion Pictures Promotions. El acuerdo añade contenido significativo a la biblioteca de AHRO, incluyendo programas populares como "In Living Color" y películas con estrellas como Kevin Costner y Elvis Presley. La adquisición se realizó mediante acciones preferentes convertibles con un periodo de bloqueo de 3 años y un límite anual de conversión del 20%, evitando así una dilución inmediata para los accionistas.
La compañía opera actualmente en 61 Áreas de Mercado Designadas (DMA) y busca expandirse a 100 DMA. La adquisición fortalece el balance de AHRO con activos tangibles y la posiciona para un posible ascenso a una bolsa de mayor nivel. La biblioteca de contenido se aprovechará para oportunidades de Video bajo Demanda y programas de reparto de ingresos con empresas de distribución mediática.
Authentic Holdings (OTC:AHRO)는 Goliath Motion Pictures Promotions를 1,100만 달러에 인수 완료했습니다. 이번 거래로 "In Living Color"와 케빈 코스트너, 엘비스 프레슬리 주연 영화 등 인기 콘텐츠가 AHRO의 라이브러리에 추가되었습니다. 인수는 3년 잠금 기간과 이후 연간 20% 전환 한도가 있는 전환 우선주를 통해 이루어져 즉각적인 주주 희석을 방지합니다.
회사는 현재 61개 지정 시장 지역(DMA)에서 운영 중이며 100개 DMA로 확장할 계획입니다. 이번 인수로 AHRO의 재무구조가 실물 자산으로 강화되고, 상위 거래소로의 이전 가능성도 높아졌습니다. 콘텐츠 라이브러리는 주문형 비디오(VOD) 기회와 미디어 배급사와의 수익 공유 프로그램에 활용될 예정입니다.
Authentic Holdings (OTC:AHRO) a finalisé l'acquisition de Goliath Motion Pictures Promotions pour 11 millions de dollars. Cet accord enrichit la bibliothèque de contenus d'AHRO avec des programmes populaires tels que "In Living Color" et des films mettant en vedette des stars comme Kevin Costner et Elvis Presley. L'acquisition a été réalisée via des actions privilégiées convertibles avec une période de blocage de 3 ans et une limite de conversion annuelle de 20 %, évitant ainsi une dilution immédiate des actionnaires.
L'entreprise opère actuellement dans 61 zones de marché désignées (DMA) et vise à s'étendre à 100 DMA. Cette acquisition renforce le bilan d'AHRO avec des actifs tangibles et la positionne pour une éventuelle cotation sur une bourse de niveau supérieur. La bibliothèque de contenus sera exploitée pour des opportunités de vidéo à la demande et des programmes de partage des revenus avec des sociétés de distribution média.
Authentic Holdings (OTC:AHRO) hat die Übernahme von Goliath Motion Pictures Promotions für 11 Millionen US-Dollar abgeschlossen. Der Deal erweitert AHROs Bibliothek um bedeutende Inhalte, darunter beliebte Shows wie "In Living Color" und Filme mit Stars wie Kevin Costner und Elvis Presley. Die Übernahme erfolgte durch wandelbare Vorzugsaktien mit einer 3-jährigen Sperrfrist und einem anschließenden jährlichen Umwandlungslimit von 20 %, um eine sofortige Verwässerung der Aktionäre zu verhindern.
Das Unternehmen ist derzeit in 61 Designated Market Areas (DMAs) tätig und strebt eine Erweiterung auf 100 DMAs an. Die Übernahme stärkt die Bilanz von AHRO mit greifbaren Vermögenswerten und positioniert das Unternehmen für einen möglichen Aufstieg an eine höhere Börse. Die Inhaltsbibliothek wird für Video-on-Demand-Möglichkeiten und Umsatzbeteiligungsprogramme mit Medienvertriebsunternehmen genutzt.
- Addition of $11 million in tangible assets to balance sheet
- Acquisition includes valuable content library with popular shows and movies
- No immediate dilution due to 3-year lock-up period on convertible preferred stock
- Potential expansion from 61 to 100 Designated Market Areas (DMAs)
- Positions company for possible uplisting to higher exchange
- Strategic opportunity for Video on Demand and revenue-sharing programs
- Future dilution possible after 3-year lock-up period (20% annually)
- Integration and monetization of content library success remains uncertain
MORRISTOWN, N.J., May 02, 2025 (GLOBE NEWSWIRE) -- via IBN -- Authentic Holdings, Inc (OTC:AHRO) has completed the acquisition of Goliath Motion Pictures Entertainment.
Chris Giordano President of Authentic Holdings, Inc., stated: "The closing of the Goliath Motion Pictures Promotions' library is a watershed deal for Authentic Holdings, Inc and its shareholders. It not only adds
We are currently in 61 "Designated Market Areas" (DMAS). The Goliath acquisition will now allow us to expand that number aggressively as we move closer to the goal of 100 DMAS and eventually a
Goliath's library consists of award-winning shows such as In Living Color, The Desmonds, Matt Houston, and Steven Spielberg's Taken, just to name a few. Additionally, it includes films like Open Range, starring Kevin Costner and Robert Duvall, ten full-length Elvis Presley movies such as Blue Hawaii, and Attila, starring Gerard Butler. Beyond film and television, the library contains hundreds of documentaries and live concerts featuring top-tier artists from both the Hip Hop and Rock-n-Roll genres. This vast selection enables us to fine-tune audience engagement, appealing to both younger and older demographics while significantly expanding Maybacks' footprint in the advertising market.
The purchase of Goliath will have an enormous effect on our balance sheet, giving Authentic Holdings, Inc., a substantial amount of shareholder equity which will play a key role as we look at the possibility of an uplisting to a higher exchange in the future.
As to the purchase terms, the acquisition was consummated by issuing a Convertible Preferred Stock in Authentic Holdings, Inc., which cannot be converted to common for three years from its issuance date and then only up to
Priscella Holyfield-Cooper, CEO, and initial Founder of Maybacks Global Ent., LLC, reports: "The acquisition of Goliath Motion Pictures Promotions marks a transformative moment for Maybacks Global Entertainment. By integrating Goliath's extensive content library into our ecosystem, we're expanding our reach and redefining how audiences engage with entertainment, whether on TV, online, mobile, or future technologies. This strategic move not only solidifies our commitment to delivering exceptional content but also positions Maybacks for long-term financial growth by maximizing revenue while minimizing overhead. We are thrilled to embark on this next chapter and bring compelling stories to viewers worldwide."
About Authentic Holdings: Authentic Holdings combines entertainment, technology, and textiles to create a diverse portfolio of offerings. Their subsidiary Maybacks Global's collaboration with WiseDV underscores their commitment to innovation in the streaming industry.
For more information, chrisg@authenticholdingsinc.com
About Goliath Motion Pictures Promotions, Inc: Goliath Motion Pictures Promotions, Inc is an independent owner of over 40,000 movie and television shows. Goliath has been an independent distributor of its content for over 15 years to many independent station owners across the country.
For more information, maureen@maybackstv.com
Safe Harbor Act
Forward-Looking Statements: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Authentic Holdings, Inc, its directors, or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements including those relating to the Company's ability to execute its acquisition strategy, and to launch its growth and expansion plans, among others, are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Authentic Holdings, Inc's ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. No information in this press release should be construed in any way whatsoever as an indication of Authentic Holdings, Inc.'s future revenues, financial performance, or stock price. More information about the potential factors that could affect the business and financial results is and will be included in Authentic Holdings, Inc, filings with the Securities and Exchange Commission at www.sec.gov.
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FAQ
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