M&A
confidence high
sentiment neutral
materiality 0.75
Apple iSports Group to acquire 100% of LuckyBet for 30% of pro forma shares
Apple iSports Group, Inc.
- Acquisition via stock issuance; AiS to issue 30% of fully diluted shares to LuckyBet's vendors.
- Binding term sheet executed July 25/31, 2025; conditions include due diligence, governance, and business plan.
- AiS commits to invest at least $10M (two $5M tranches) into LuckyBet post-closing via an interest-free loan.
- Vendors get put option to sell back 95% of shares if AiS not listed on Nasdaq within 24 months.
- AiS must grant first-ranking security over LuckyBet shares/assets to vendors until Nasdaq listing.