m_and_a
confidence high
sentiment neutral
materiality 0.90
GetGolf acquires 80% voting control of Marquie Group for $500K; new CEO and golf assets
Transglobal Management Group, Inc.
- GetGolf purchased 200 Series A shares (80% voting power) and $2M note from Angell for $500K payable over 12 months.
- Jeff Foster appointed Chairman and CEO; Kelly Kirchhoff appointed director; Marc Angell becomes interim CFO and Secretary.
- Company acquired Stand By Golf reservation platform, Mountain Brook and Apache Creek golf clubs; broadcast segment (Music of Your Life) transferred back to Angell.
- 666,700 common shares returned to treasury and cancelled; Series A shares reissued to Foster (67) and Kirchhoff (133).
- Company expects to cease broadcast operations and focus on golf technology and course operations.