Rivulet Entertainment shifts $3.5M deal to stock
Rivulet Entertainment, Inc. entered into an addendum to its March 1, 2024 Asset Purchase Agreement with Rivulet Media, Inc. The change replaces a $3,500,000 cash purchase price with equity consideration.
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Rhea-AI Filing Summary
Rivulet Entertainment, Inc. entered into an addendum to its March 1, 2024 Asset Purchase Agreement with Rivulet Media, Inc. The change replaces a $3,500,000 cash purchase price with equity consideration.
Under the revised terms, Rivulet Media will receive 12,900,000 restricted shares of common stock and 1,000,000 shares of Series C Preferred stock of Rivulet Entertainment instead of the original cash amount. All other terms of the Purchase Agreement remain in effect.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Rivulet Entertainment (RIVF) change in its asset purchase agreement?
Who are the parties to Rivulet Entertainment (RIVF)'s amended agreement?
How is the new purchase price structured in the RIVF transaction?
Does the Rivulet Entertainment (RIVF) addendum change other terms of the deal?
When was the amended Asset Purchase Agreement for Rivulet Entertainment (RIVF) signed?
AI-generated analysis. How Rhea-AI works. Not financial advice.