Strong Global Entertainment, Inc.: M&A transaction — Strong Global Entertainment acquires Unbounded Media Corporation in all-stock deal

Strong Global Entertainment, Inc.

Issued 600,000 Class A common shares for 100% of UMC on a fully diluted basis.
UMC will operate under Strong Studios, adding short-form content and predictable revenue streams.
Founders Peter Odiorne, Larry Swets, and Hassan Baqar join SGE; Swets to lead acquisition strategy as Chairman.
First acquisition in a broader strategy to acquire multi-disciplined content and services companies.
UMC's Fieldhouse Entertainment portfolio includes feature films into development with Strong Studios.

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Key facts

Extracted from this filing and checked against the source text.

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

Strong Global Entertainment, Inc. completed an acquisition involving Unbounded Media Corporation for 600,000 Class A common voting shares (closed 2023-09-12).

Action: acquisition
Counterparty: Unbounded Media Corporation
Consideration: 600,000 Class A common voting shares
Closing: 2023-09-12

Exact text from the filing

ubsidiaries (the “Purchaser”), Unbounded Media Corporation (“UMC”), Unbounded Services LLC, UMC’s subsidiary, and UMC’s shareholders (“UMC Shareholders”) entered into a share exchange agreement (the “Share Exchange Agreement”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Strong Global Entertainment, Inc. entered into Share Exchange Agreement with Unbounded Media Corporation, Unbounded Services LLC, and UMC's shareholders valued at 600,000 Class A common voting shares (effective 2023-09-12).

Action: entry
Counterparty: Unbounded Media Corporation, Unbounded Services LLC, and UMC's shareholders
Value: 600,000 Class A common voting shares
Effective: 2023-09-12

Exact text from the filing

On September 12, 2023, Strong Global Entertainment, Inc. (the “Company”), Strong Technical Services, Inc., one of the Company’s subsidiaries (the “Purchaser”), Unbounded Media Corporation (“UMC”), Unbounded Services LLC, UMC’s subsidiary, and UMC’s shareholders (“UMC Shareholders”) entered into a share exchange agreement (the “Share Exchange Agreement”).

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Source: SEC EDGAR

accession 0001493152-23-032523

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