---
schema_version: "secwatch.filing_event.v1"
accession: "0001376474-24-000128"
form_type: "8-K"
ticker: null
cik: "0001342936"
company_name: "Rivulet Entertainment, Inc."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:17:40.829158+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# AVOI to acquire Rivulet Media assets for 90.8M shares and $10.1M cash; Rivulet shareholders to control 88.24%

## Summary
- Purchase consideration: 90,784,800 shares of AVOI common stock and $10,069,000 cash; closing by April 10, 2024.
- Upon closing, Rivulet shareholders will own 88.24% of AVOI, resulting in a change of control.
- AVOI placed 7.5M shares at $0.40 to a single investor for $3.0M to fund acquisition costs and debts.
- AVOI disbursed $2.6M to Rivulet on March 1, 2024 as part of the acquisition cost.

## SEC filing metadata
- accession: 0001376474-24-000128
- form_type: 8-K
- cik: 0001342936
- company_name: Rivulet Entertainment, Inc.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 5.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1342936/000137647424000128/0001376474-24-000128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1342936/000137647424000128/avoi-20240301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376474-24-000128
- JSON: https://secwatch.observer/filing/0001376474-24-000128.json
- Plain text: https://secwatch.observer/filing/0001376474-24-000128.txt

## Key facts
- Material Agreements
  Rivulet Entertainment, Inc. entered into Asset Purchase Agreement with Rivulet Media, Inc. valued at 90,784,800 shares of common stock of the Company, $0.001 par value per share, and $10,069,000 (effective 2024-03-01).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Rivulet Media, Inc.
  - Value: 90,784,800 shares of common stock of the Company, $0.001 par value per share, and $10,069,000
  - Effective: 2024-03-01
  source text: On March 1, 2024, Advanced Voice Recognition Systems, Inc., a Nevada corporation (“the Company”), and Rivulet Media, Inc., a Delaware corporation (Rivulet), collectively the Parties, entered into an Asset Purchase Agreement (the “Purchase Agreement")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1342936/000137647424000128/0001376474-24-000128-index.htm

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