M&A - Arowana Media Holdings, Inc.
Form Type: 8-K
Filing Date: 2025-05-02
Corporate Action: Acquisition
Type: New
Accession Number: 000168316825003079
Filing Summary: On May 1, 2025, Arowana Media Holdings, Inc. entered into a Purchase and Sale Agreement with The Now Corporation to acquire 100% of M Love Vintage Holdings Inc. As part of the acquisition, the Company agreed to issue 1,000,000 Convertible Series N Preferred Shares, which have specific voting and conversion rights, including a beneficial ownership cap. Following the acquisition, there were changes in the executive team, where Mark Newbauer resigned as CEO and was succeeded by Alfredo Papadakis. The investors involved in the preferred shares include several entities and individuals specified by their ownership percentages. The issuance of these shares was conducted in compliance with exemptions for unregistered sales of equity securities. The acquisition marks a significant business development for Arowana Media Holdings.
Additional details:
Item 1 01 Acquisition Date: 2025-05-01
Item 1 01 Acquired Company: M Love Vintage Holdings Inc.
Item 1 01 Consideration: 1,000,000 Convertible Series N Preferred Shares
Item 2 01 Acquisition Completion Date: 2025-05-01
Item 5 02 Resigned Ceo: Mark Newbauer
Item 5 02 New Ceo: Alfredo Papadakis
Item 5 02 New President: Chris Villareale
Item 5 02 New Ceo Effective Date: 2025-05-01
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