m_and_a
confidence high
sentiment positive
materiality 0.75
OpenLocker acquires Crisp Momentum for 35.6M shares plus $6M earnout; Ng Chairman
Crisp Momentum Inc.
- Acquired Crisp Momentum Inc. for 35,600,000 shares of common stock; earnout capped at $6M in value.
- Digital Knight, seller, will own 14.1% of fully diluted shares after deal and private purchases.
- Company plans to change name to "Crisp Momentum Inc." in the next few weeks.
- Clive Ng appointed Chairman of the Board, effective July 10, 2025; over 35 years experience in Asian media.
- Crisp is a US-based IP monetization company focused on short-form content and Duanju genre.
item 1.01item 2.01item 3.02item 5.02item 7.01item 9.01