m_and_a
confidence high
sentiment neutral
materiality 0.65
Rivulet Entertainment amends asset purchase agreement; cash consideration reduced to $6.45M
Rivulet Entertainment, Inc.
- Cash portion of purchase price cut from $10M to $6.45M, a reduction of $3.55M.
- Closing conditions under section 6.4 and default provisions under section 7.1 eliminated.
- All other terms and conditions of original March 1, 2024 Agreement remain unchanged.
- Addendum effective retroactively to the original agreement date.
item 1.01item 9.01