Rivulet Entertainment, Inc.: M&A transaction — 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.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.4

Rivulet Entertainment, Inc.: Filing reflects business combination transaction; no substantive governance change described in provided excerpt.

Exact text from the filing

Unless the context otherwise requires, (i) references to “we,” “us,” “our,” “the registrant” and the “Company” refer to Rivulet Entertainment, Inc., a Nevada corporation.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Rivulet Entertainment, Inc. completed an acquisition involving Rivulet Media, Inc. for approximately $10 million and 97 million shares (closed 2024-07-07).

Action: acquisition
Counterparty: Rivulet Media, Inc.
Consideration: approximately $10 million and 97 million shares
Closing: 2024-07-07

Exact text from the filing

its acquisition of certain wholly owned subsidiaries of Rivulet Media, Inc. In consideration for the acquisition of the entities, the Company agreed to transfer approximately $10 million and 97 million shares to the current owners of Rivulet Media, Inc. On May 19, 2025 the agreement was amended to reduce the cash portion of the purchase price from $10,000,000 to

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Source: SEC EDGAR

accession 0001376474-25-000553

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