secwatch.observer — SEC 8-K summary
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Issuer:     Madison Technologies Inc. (MDEX)
CIK:        0001318268
Form:       8-K
Filed at:   2021-10-21T23:59:59+00:00
Accession:  0001493152-21-025979
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Madison Technologies agrees to acquire Top Dog Productions for $10M in stock with revenue earnouts
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- Purchase price $10M payable in common shares; share count collared between 16.7M and 25.0M based on $0.40-$0.60 stock price.
- 50% of shares held back: 20% for 2-year indemnification; 80% tied to milestones: $10M yr1, $15M yr2, $20M yr3 revenue; unearned shares cancelled.
- Closing subject to audited financials, employment agreements with founders Blumenfield and Marsh, and other conditions; expected within 60 days.
- Target is 'The Jay and Tony Show', 100% owned by founders; acquisition structured as tax-free reorganization under Section 368.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318268/000149315221025979/0001493152-21-025979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318268/000149315221025979/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-025979

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