Madison Technologies amends Top Dog acquisition: 25M shares, $3.5M EBITDA milestone by 2024

Madison Technologies Inc.

Purchase price set at 25,000,000 shares of common stock, subject to adjustment for stock splits.
Milestone for release of shares: Top Dog must achieve at least $3.5M EBITDA in calendar 2024.
Holdback shares cancelled if Top Dog fails to repay all intercompany loans by Dec 31, 2023.
Loan agreement amended; total commitment $1,757,500 (including $507,500 already outstanding), interest 5% (24% default).
Closing period extended to 238 days from original date; financial statements due May 31, 2022.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.