Mega Matrix Corp.: M&A transaction — Mega Matrix acquires remaining 40% of FunVerse (FlexTV) for 1.5M shares plus earnout

Mega Matrix Corp.

Acquired remaining 40% of FunVerse, owner of FlexTV short drama streaming platform.
Consideration: 1,500,000 MPU common shares plus up to 500,000 earnout shares if FlexTV achieves $10M+ user recharges in 30 days.
Company now owns 100% of FunVerse; initial 60% acquired in January 2024.
FlexTV produces original English and Thai dramas, translated for global audiences.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Mega Matrix Corp. completed an acquisition involving FunVerse Holding Limited and the remaining shareholders of FunVerse (collectively, "Sellers") (closed 2024-08-15).

Action: acquisition
Counterparty: FunVerse Holding Limited and the remaining shareholders of FunVerse (collectively, "Sellers")
Closing: 2024-08-15

Exact text from the filing

On August 15, 2024 ("Closing Date"), the Company entered into and closed a definitive Share Exchange Agreement ("Exchange Agreement") with FunVerse and the remaining shareholders of FunVerse (collectively, "Sellers") to acquire the remaining forty percent (40%) of FunVerse.

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Source: SEC EDGAR

accession 0001213900-24-070267

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