Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
GameSquare Holdings, Inc. completed a disposition involving UNIV, Ltd. for $1.50 million purchase price evidenced by a secured promissory note with payments starting at $25,000 on closing, then $25,000/month for 11 months, $45,000/mont (closed 2024-05-31).
- Action
- disposition
- Counterparty
- UNIV, Ltd.
- Consideration
- $1.50 million purchase price evidenced by a secured promissory note with payments starting at $25,000 on closing, then $25,000/month for 11 months, $45,000/mont
- Closing
- 2024-05-31
Exact text from the filing
contains customary representations, warranties and covenants of each of the parties thereto. Pursuant to the UNIV Purchase Agreement, UNIV paid Frankly a purchase price of $1.50 million, evidenced by a secured promissory note (the “UNIV Promissory Note”). The payment schedule under the UNIV Promissory Note is as follows: (i) $25,000.00 on closing date of the
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
GameSquare Holdings, Inc. completed a disposition involving XPR Media LLC for $700,000 purchase price evidenced by a secured promissory note with payments from May 2024 through July 2027 and bearing 8% interest (closed 2024-05-31).
- Action
- disposition
- Counterparty
- XPR Media LLC
- Consideration
- $700,000 purchase price evidenced by a secured promissory note with payments from May 2024 through July 2027 and bearing 8% interest
- Closing
- 2024-05-31
Exact text from the filing
On May 31, 2024, Frankly completed the sale of all of the assets (the “ XPR Sale”) listed on Schedule A annexed to the Asset Purchase Agreement (“XPR Purchase Agreement”) by and between Frankly and XPR Media LLC (“XPR”), which includes but is not limited to written agreements for press release and content distribution services.
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