Marquie Group (OTC: TMGI) narrows GetGolf.com control deal by dropping golf course asset
Rhea-AI Filing Summary
The Marquie Group, Inc. entered into a Second Amended and Restated Purchase Agreement with GetGolf.com and the existing sellers on January 19, 2026, replacing the prior agreement in full. The updated deal confirms that GetGolf.com still intends to acquire voting control of the company but on a reduced asset base.
The revised agreement formally excludes the Mountain Brook Golf Course from the transaction after the parties were unable to reach mutually acceptable funding and other terms tied to that asset. The filing notes that this exclusion is a material change that reduces the overall scale of the transaction compared to what was originally announced. Certain payments to Marc Angell are also recharacterized as purchase price consideration rather than compensation for services, while other key terms remain substantially consistent with earlier disclosures.
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- None.
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- Mountain Brook Golf Course excluded, reducing transaction scale: The amended agreement removes this previously contemplated asset and the company states this is a material change that reduces the overall size of the GetGolf.com transaction.
Insights
Transaction proceeds with GetGolf.com but on a smaller scale after dropping a key golf course asset.
The company and GetGolf.com have replaced their earlier purchase agreement with a Second Amended and Restated Purchase Agreement dated
A central change is that the Mountain Brook Golf Course, originally contemplated in the deal and tied to additional third-party financing on mutually acceptable terms, has been formally excluded. The filing explicitly states that this exclusion is a material change and reduces the scale of the transaction as originally announced, indicating a smaller operating footprint or asset base under the new structure.
The agreement also recharacterizes certain payments to Marc Angell as purchase price consideration instead of compensation for services, which may affect how value is allocated between sellers and the corporate entity, though specific amounts are not detailed in the excerpt. Overall, the control transaction continues under revised, downsized terms, and future company filings may further clarify the strategic and financial implications of this narrower asset package.