M&A
confidence high
sentiment positive
materiality 0.75
Myseum forgives $5.2M RPM debt and sells 34% stake to Avalon GloboCare for ~$6.5M
Myseum.AI, Inc.
- Forgave $5,202,132 in advances to RPM Interactive without any payment or other consideration.
- Sold ~34% ownership in RPM as part of Avalon GloboCare's full acquisition of RPM for $19.5M in preferred stock.
- Received ~$6.5M in Series E Non-Voting Convertible Preferred of Avalon (convertible at $1.50/share).
- CEO states proceeds will be used to focus resources on expanding core Picture Party business.
- RPM operates an automated AI video content SaaS platform called CatchUp.