other material
confidence high
sentiment neutral
materiality 0.50
Rivulet Entertainment amends APA, replaces $3.5M cash with 12.9M common + 1M Series C Preferred
Rivulet Entertainment, Inc.
- February 12, 2026 addendum modifies March 1, 2024 Asset Purchase Agreement with Rivulet Media.
- Cash purchase balance of $3,500,000 replaced by 12,900,000 restricted common shares and 1,000,000 Series C Preferred shares.
- Prior amendment on May 19, 2025 had reduced cash by $3,550,000; $2,950,000 had been paid, leaving $3,500,000 balance.
- All other terms and conditions of the original APA remain in full force and effect.
- Addendum is retroactively effective to the original agreement date of March 1, 2024.