other material
confidence high
sentiment neutral
materiality 0.45
Flash Sports & Media signs 12-month MindWave deal for FlashChain blockchain; $506K stock plus 20% of FLASH TOKEN
urban-gro, Inc.
- FLZH will issue MindWave common stock worth $506,000 in one installment at the end of the 12-month term, priced at the closing price on the last trading day of the applicable quarter.
- MindWave also gets 20% of total FLASH TOKEN issued and outstanding, measured quarterly off the MindChain issuance ledger; annual renewal fee would be 50% of Total Contract Value.
- MindWave will run validator nodes on a dedicated Layer-2 FlashChain subnet and build FLASHSM streaming/ticketing integration plus anti-counterfeiting smart contracts.
- FLZH owns the FlashChain network, brand and Digital Asset and Ticketing Ledger; fans' personal data stays off-chain with only hashed or pseudonymized references recorded.
- Neither party may terminate for convenience; breach triggers a 30-day cure period, and MindWave provides up to 60 days transition help. MindWave CEO Dr. Vin Menon cited T20 cricket broadcasts.