Adapti closes Ballengee Group acquisition; issues 6.5M shares, $7.5M note, up to $20M earnout

Adapti, Inc.

Acquired 100% of Ballengee Group, a baseball sports agency representing ~200 MLB athletes.
Consideration: 6.5M shares ($20M value), $7.5M participating note (5%, due June 2030), up to $20M earnout based on EBITDA.
Stock consideration gives Sellers 68.63% of post-issuance shares; James Ballengee gains voting control.
Jeff Campbell appointed Executive Chairman; receives $20K/month consulting fee, convertible note arrangements.
Company plans to integrate Ballengee with AdaptAI platform for AI-driven sports marketing.

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