secwatch.observer — SEC 8-K summary
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Issuer:     Rivulet Entertainment, Inc. (—)
CIK:        0001342936
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001376474-24-000128
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 3.02, 5.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342936/000137647424000128/0001376474-24-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342936/000137647424000128/avoi-20240301.htm
  HTML page:      https://secwatch.observer/filing/0001376474-24-000128

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer