Liquid Media To Acquire Content Platform iGEMStv For $1.1M

  • Liquid Media Group Ltd YVR inked a letter of intent (LOI) to acquire content recommendation platform iGEMStv, Inc for up to 566,667 shares, at $1.1 million based on a June 8 closing price of $1.93.
  • The purchase price will be payable in four equal tranches of 141,667 shares each.
  • The first tranche will be payable with three remaining milestones triggered by iGEMStv revenues totaling US$9.5 million in the years ahead. 
  • Liquid Media held $0.71 million in cash and equivalents as of Nov. 30, 2020.
  • Price action: YVR shares traded higher by 1.30% at $1.96 on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs
Posted In: M&ANewsPenny StocksTechMediaBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!