secwatch.observer — SEC 8-K summary
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Issuer:     Bravo Multinational Inc. (BRVO)
CIK:        0001444839
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001091818-23-000163
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bravo signs non-binding LOI to license TVee-NOW for $250K plus 5% royalty, with purchase option
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- Signing fee of $250,000 payable in cash or BRVO common stock (VWAP-based).
- Minimum annual royalty of 5% of gross revenues from the TVee-NOW license.
- After two annual royalty payments, BRVO can buy TVee-NOW for 6x trailing 12-month revenue.
- Non-binding term sheet; transaction subject to due diligence, board approval, and definitive agreements.
- Exclusivity period until Definitive Documents are executed; target close within 90 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1444839/000109181823000163/0001091818-23-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1444839/000109181823000163/brvo96238k.htm
  HTML page:      https://secwatch.observer/filing/0001091818-23-000163

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer