m_and_a
confidence high
sentiment neutral
materiality 0.75
Collective Audience sells BEOP and DSL to NYIAX for 49% of NYIAX common stock
Collective Audience, Inc.
- CAUD sells 100% of BEOP and its 51% stake in DSL to NYIAX; Greenberg sells remaining 49% of DSL.
- Consideration is NYIAX common stock: CAUD gets 35.1% fully-diluted, Greenberg 9%; 4.9% held back for indemnification.
- Closing subject to CAUD stockholder approval, regulatory consents, and other customary conditions; outside date July 31, 2025.
- CAUD gets right to appoint 3 of 7 board members of NYIAX post-closing; lock-up and non-compete agreements apply.
- Transaction approved unanimously by CAUD's board; company to file proxy statement for stockholder vote.
item 1.01item 9.01