M&A
confidence high
sentiment neutral
materiality 0.70
RocketFuel Blockchain enters non-binding term sheet to sell payments and loyalty assets to RPay and RPoints
ROCKETFUEL BLOCKCHAIN, INC.
- Buyers will assume ~$1.5M in senior deferred compensation liabilities.
- Company to receive quarterly earn-out of 20% of net revenue from payments business up to $2.5M aggregated over 2 years.
- Company receives warrants for 20% fully diluted ownership in each buyer, with repurchase floors of $1.5M (RPay) and $200k (RPoints).
- Company retains corporate franchise, cash reserves, and equity warrants; non-binding except exclusivity/confidentiality.
- Board approved term sheet after considering interested nature of transaction.