---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-070267"
form_type: "8-K"
ticker: null
cik: "0001036848"
company_name: "Mega Matrix Corp."
filed_at: "2024-08-16T23:59:59+00:00"
generated_at: "2026-05-31T08:46:50.388325+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Mega Matrix acquires remaining 40% of FunVerse (FlexTV) for 1.5M shares plus earnout

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-070267
- form_type: 8-K
- cik: 0001036848
- company_name: Mega Matrix Corp.
- filed_at: 2024-08-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1036848/000121390024070267/0001213900-24-070267-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1036848/000121390024070267/ea0211521-8k_mega.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-070267
- JSON: https://secwatch.observer/filing/0001213900-24-070267.json
- Plain text: https://secwatch.observer/filing/0001213900-24-070267.txt

## Key facts
- M&A Transactions
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1036848/000121390024070267/0001213900-24-070267-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.