m_and_a
confidence medium
sentiment positive
materiality 0.85
Rivulet Entertainment completes reverse merger; provides Form 10 info and audited financials
Rivulet Entertainment, Inc.
- On July 7, 2024, acquired certain Rivulet Media subsidiaries for $6.45M cash (amended from $10M) and 97M shares.
- $2.95M cash paid to date; $3.5M outstanding; company ceased to be a shell company.
- Audited financials of Rivulet Media for FYE June 30, 2024 and 2023 included in filing.
- Business is independent film/TV production; produced films 'The Mistress' and 'Good News'.
- Filing provides full Form 10 information, including risk factors and business description.
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