- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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