other material
confidence high
sentiment neutral
materiality 0.85
Rivulet Entertainment, Inc.: M&A transaction — Advanced Voice Recognition sells 52.89% control to JJW Investments for $358,682
Rivulet Entertainment, Inc.
- Company sold 262,579,731 shares at $0.001165/share ($305,682) to JJW Investments; proceeds used to pay all debts.
- President Walter Geldenhuys sold 17,000,000 shares at $0.003117/share ($53,000) to same buyer, transferring control.
- Following the purchases, JJW Investments holds 52.89% of issued and outstanding shares, effectuating a change in control.
- Geldenhuys, sole director, will appoint JJW's designee to the board and resign under the Stock Purchase Agreement.
- No underwriting discounts or commissions were paid; securities issued as restricted under Rule 506 of Regulation D.