m_and_a
confidence high
sentiment neutral
materiality 0.90
Marquie Group sells control to Jeff Foster/GETGOLF in $500K deal; golf assets contributed
Transglobal Management Group, Inc.
- Purchase Agreement signed Sept 18; control shares (200 Series A Preferred) transferred to Jeff Foster/GETGOLF for $500K payable over 24 months.
- Buyer contributes Mountain Brook Golf, Apache Creek, Stand By Golf assets to TMGI via Assignment and Assumption Agreement.
- TMGI issues 1 million shares to Tristar Wellness Solutions for the golf assets.
- Seller retains 'Music of Your Life' trademarks, copyrights, and equipment.
- TMGI assumes ~$44,400 service provider debt plus $5,802/mo ongoing obligations.