Keek Social Stock Price, News & Analysis

Personas Social Incorporated (TSXV: PRSNF) has entered into a definitive agreement with Mii.TV Inc. to sell its Peeks Social platform assets for $4,540,000. The transaction, subject to shareholder and regulatory approvals, involves a 50% upfront payment and the remainder paid over 36 months. As a related party transaction, it requires majority minority shareholder approval. Post-sale, Personas plans to focus on developing its Keeks Social platform. The company will hold a shareholder meeting on October 1, 2024, to seek approvals, with the transaction expected to close by October 31, 2024.

Personas Social Incorporated (TSXV: PRSN) has entered into a letter of intent with Mii.TV Inc. to sell its Peeks Social platform assets for $4,540,000. The transaction, considered a related party deal, requires disinterested shareholder approval. Key details:

- 50% ($2,270,000) paid at closing, including $1,056,280 in assumed liabilities
- Remaining 50% paid over 36 months
- Subject to TSX Venture Exchange approval
- Special committee formed to negotiate the deal
- Annual general and special shareholder meeting scheduled for October 1, 2024
- Transaction expected to close by October 31, 2024

Post-sale, Personas plans to focus on developing its Keek Social platform.

Personas Social announces the launch of its new influencer marketing campaigns aimed at promoting its Keek platform. This marketing initiative will reward influencers with over 100,000 followers through shares and/or cash for creating original content on Keek. Users with fewer followers can also participate but at lower reward tiers. Earnings will accumulate in their Keek wallet alongside a real-time feed of the company's share price. The campaign will run for an initial three-month trial with a fixed number of shares to minimize dilution. CEO Mark Itwaru emphasizes this initiative as a strategic move to significantly increase Keek's usage and attractiveness.

Personas Social re-launches Keek.com, offering a high-quality, feature-rich video viewing platform similar to YouTube. The new site enables content creators to upload or live stream, with additional support for gamers to stream their desktop games. Keek.com includes a multi-currency e-wallet for banking commissions and receiving incentives, along with engagement analytics for content creators. The site also boasts a referral program for earning credits. With approximately 800,000 backlinks, the re-launch aims to enhance marketing efforts and drive significant user traffic. Keek is available on Apple AppStore, Google Playstore, and www.keek.com.

Personas Social announced its Q1 2024 financial results, reporting a net loss of $2,359 compared to a net income of $108,295 in Q1 2023. Expenses rose significantly from $396,451 to $531,447, primarily due to increased consulting costs. These figures are detailed in the company's financial statements and MD&A for the quarter ending March 31, 2024, both filed with SEDAR.

Personas Social has completed the development of its Keek website, which will be launched next week. The site will complement the Keek mobile app, offering new features for content creators and gamers, including desktop livestreaming, paid subscriptions, and an integrated e-wallet for revenue payouts. The platform will support both longform and shortform video content. The company aims to enhance the user experience with this dual-format approach, making it unique and compelling for users. The Keek app is available on Apple Appstore and Google Playstore.

Personas Social Incorporated (TSXV: PRSN) provided an update on its year-end financial statements filings for 2023. The company reported a net loss of $164,066 for the year ending December 31, 2023, compared to a profit of $102,982 in 2022. Expenses increased to $2,339,914 from $1,590,744 in 2022. Management anticipates that advertising sales and software license fees from its live-streaming platform will drive most of the company's revenues in 2024.