M&A
confidence high
sentiment positive
materiality 0.70
Freedom Holdings signs LOI to acquire Frank AI owner Mythology AB for $400K
Awareness Group, Inc.
- Transaction: $200K cash plus $200K in common stock for 100% of Mythology AB.
- Mythology AB owns Frank AI, a GPT-4o chatbot with 135,700 downloads and 4.8 App Store rating.
- Frank AI has hundreds of paid subscribers, >50 min/day average usage, and is revenue positive.
- Definitive agreement and closing expected before end of September 2024.