Authentic Holdings (OTC: AHRO) announced its agreement to acquire Goliath Motion Pictures Entertainment in an $11 million equity-based transaction. The acquisition will bring over 40,000 titles, including award-winning shows and films such as In Living Color, The Cosby Show, and Open Range, under Authentic Holdings’ ownership. The deal is structured as Convertible Preferred Stock, with conversion restrictions for three years to minimize shareholder dilution. Management expects the acquisition to strengthen Maybacks Global Entertainment’s market position, increase advertising revenue, and support expansion into all major U.S. markets. An 8-K will be filed with the SEC upon completion.
To view the full press release, visit https://ibn.fm/vUb1U
About Authentic Holdings
Authentic Holdings combines entertainment, technology, and textiles to create a diverse portfolio of offerings. Their subsidiary Maybacks Global’s collaboration with WiseDV underscores their commitment to innovation in the streaming industry.
For more information, visit the company’s website at https://authenticholdingsinc.com/
About TinyGems
TinyGems is a specialized communications platform with a focus on innovative small-cap and mid-cap companies with bright futures and huge potential. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TinyGems is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, TinyGems brings its clients unparalleled recognition and brand awareness. TinyGems is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from TinyGems, text “Gems” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.TinyGems.com
Please see full terms of use and disclaimers on the TinyGems website applicable to all content provided by TinyGems, wherever published or re-published: https://www.TinyGems.com/Disclaimer
TinyGems
Austin, Texas
www.TinyGems.com
512.354.7000 Office
Editor@TinyGems.com
TinyGems is powered by IBN